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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 5013 Devonshire Dr, Fort Wayne, IN, 46806 offers a 9.99% rental yield on a $210,000 purchase with $1,748/mo rent. Total monthly income registers $1,748/mo, and a $1,028/mo payment leaves $487/mo available for distribution. Annual cash flow reaches $5,847/yr on $69,615 to close, and return on cash invested stands at 28.31% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 147.7% and total cumulative return in cash at $102,820. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,748/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,835 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-02-10 | Sold | $210,000 |
| 2024-12-17 | Pending sale | $209,900 |
| 2024-11-08 | Price change | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1434.48 | 29.74% | $179,900 | 3.87% |
| 2023-11-01 | $1105.64 | 23.17% | $173,200 | 22.75% |
| 2022-11-01 | $897.68 | 19.40% | $141,100 | 14.44% |
Listed by: Freddie Johnson • Book Real Estate Services, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440144
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.
