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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 5816 Bayside Dr, Fort Wayne, IN, 46815 listed at $249,900 pairs $1,871/mo rent with a $1,223/mo payment to leave $146/mo cash flow. Total monthly income runs $1,871/mo, and annual cash flow reaches $1,752/yr on $82,842 cash to close. Return on cash invested measures 22.02% in year one, and rental yield registers 8.98% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 115.16% and total cumulative return in cash totals $95,402. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,871/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
$675 quarterly HOA
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
Date | Event | Price |
|---|---|---|
| 2015-07-31 | Sold | $127,500 |
| 2015-06-16 | Listed for sale | $129,900 |
| 2012-03-21 | Sold | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-11 | $1889.16 | -1.74% | $204,700 | 15.45% |
| 2023-06-11 | $1922.68 | 5.68% | $177,300 | 2.78% |
| 2022-06-11 | $1819.36 | 14.25% | $172,500 | 5.12% |
Listed by: Lori Stinson • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521910
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.
