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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% |
Rental property for sale in Fort Wayne at 5814 Balfour Cir, Fort Wayne, IN, 46814 priced at $278,900 converts $2,095/mo rent into $303/mo cash flow after a $1,365/mo obligation. Total monthly income equals $2,095/mo, and annual cash flow totals $3,635/yr on $92,455 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 9.01% against a $278,900 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,055 by year five. Five-year ROI reaches 124.22% and total cumulative return in cash sums $114,851. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,095/mo property income covering a $1,365/mo payment, not borrower’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$310 quarterly HOA
Neighborhood data shown for ZIP Code: 46814, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,381 (100%) |
| Owner Occupied HU | 5,599 (87.7%) |
| Renter Occupied HU | 570 ( 8.9%) |
| Vacant Housing Units | 212 ( 3.3%) |
| Median Home Value | $387,258 |
| Average Home Value | $434,010 |
Residential
6,175
Single Family
6,175
Multi-Family
0
Businesses
127
Date | Event | Price |
|---|---|---|
| 2025-07-31 | Sold | $278,900 |
| 2025-06-08 | Pending sale | $289,900 |
| 2025-05-27 | Price change | $289,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $2489.70 | 10.28% | $236,600 | 1.50% |
| 2023-10-21 | $2257.58 | 21.56% | $233,100 | 11.16% |
| 2022-10-21 | $1857.22 | 1.10% | $209,700 | 18.01% |
Listed by: Cindy Shepherd • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516879
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.
