Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fort Wayne at 5111 Salem Ln, Fort Wayne, IN, 46806 offers $1,416/mo rent that, after a $905/mo payment, leaves $205/mo cash flow. Total monthly income is $1,416/mo, and annual cash flow is $2,456/yr on $61,294 cash. Return on cash invested measures 23.92% in year one, and rental yield stands at 9.19% at a $184,900 entry. Equity gained on principal adds $1,193/yr while 5% annual appreciation compounds into $51,084 by year five. Five-year ROI records 124.84% and total cumulative return in cash reaches $76,519. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,416/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,583 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $184,900 |
| 2023-09-22 | Listing removed | $149,900 |
| 2023-09-18 | Price change | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-26 | $2752.00 | 22.09% | $142,800 | 3.78% |
| 2023-04-26 | $2254.00 | 14.42% | $137,600 | 22.09% |
| 2022-04-26 | $1970.00 | 8.24% | $112,700 | 14.42% |
Listed by: Pete Hilty • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514442
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.
