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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 5867 Lourdais Ct, Fort Wayne, IN, 46818 offers $2,669/mo rent that, after a $2,153/mo payment, leaves $28/mo cash flow. Total monthly income is $2,669/mo, and annual cash flow is $341/yr on $145,827 cash. Return on cash invested measures 20.14% in year one, and rental yield stands at 7.28% at a $439,900 entry. Equity gained on principal adds $2,839/yr while 5% annual appreciation compounds into $121,536 by year five. Five-year ROI records 103.86% and total cumulative return in cash reaches $151,455. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,669/mo property income versus a $2,153/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
Date | Event | Price |
|---|---|---|
| 2025-04-05 | Listed for sale | $439,900 |
| 2025-04-04 | Listing removed | $449,900 |
| 2025-03-24 | Price change | $449,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $3198.80 | 63.73% | $415,800 | 7.92% |
| 2023-04-08 | $1953.68 | N/A | $385,300 | 48.02% |
| 2022-04-08 | N/A | N/A | $260,300 | N/A |
What's Special
Pull Down Stairs
Listed by: Judi Pierson • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511510
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.
