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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Fort Wayne at 5000 Ardmore Ave, Fort Wayne, IN, 46809 at $310,000 posts ROI 19.79% with from $1,850/mo rent. Total monthly income equals $1,850/mo. Return on cash invested measures 19.79% and rental yield reads 7.16% at the current $310,000. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 by year five. Five-year ROI prints 101.96% and total cumulative return in cash totals $104,779. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,850/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1932
2 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
Date | Event | Price |
|---|---|---|
| 2025-08-15 | Sold | $310,000 |
| 2025-07-11 | Price change | $319,900 |
| 2025-06-25 | Price change | $334,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $1849.68 | 1.02% | $78,100 | 3.58% |
| 2023-10-20 | $1831.00 | 46.17% | $75,400 | 1.75% |
| 2022-10-20 | $1252.66 | N/A | $74,100 | 48.50% |
What's Special
Pull Down Stairs
Listed by: Brittany E Meza • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516667
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
