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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 611 W State Blvd, Fort Wayne, IN, 46808 with 5% annual appreciation on a $204,900 basis while $1,523/mo rent supports operations. Total monthly income totals $1,523/mo and a $1,003/mo payment preserves $293/mo for cash returns. Annual cash flow comes to $3,515/yr on $67,924 deployed, and return on cash invested reaches 25.08% in year one. Equity gained on principal adds $1,322/yr, and five-year appreciation sums $56,610 alongside rental yield of 8.92%. Five-year ROI measures 130.34% and total cumulative return in cash totals $88,534.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,523/mo property income versus a $1,003/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1947
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
Date | Event | Price |
|---|---|---|
| 2024-11-07 | Price change | $204,900 |
| 2024-10-17 | Listed for sale | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $1351.02 | -1.78% | $147,300 | -2.32% |
| 2022-11-20 | $1375.54 | 52.31% | $150,800 | 19.97% |
| 2021-11-20 | $903.12 | 2.92% | $125,700 | 27.74% |
Listed by: Beth Walker • Fairfield Group REALTORS, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440346
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.
