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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 6111 Cordava Ct, Fort Wayne, IN, 46815 offers $2,398/mo rent that, after a $1,468/mo payment, leaves $450/mo cash flow. Total monthly income is $2,398/mo, and annual cash flow is $5,398/yr on $99,417 cash. Return on cash invested measures 25.34% in year one, and rental yield stands at 9.6% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 132.37% and total cumulative return in cash reaches $131,596. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,398/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.26 Acres lot
$N/A/sqft
$64 annually 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 |
|---|---|---|
| 2024-10-11 | Price change | $299,900 |
| 2024-10-03 | Price change | $309,900 |
| 2024-09-21 | Price change | $319,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $4197.66 | 15.21% | $201,600 | 7.75% |
| 2022-10-17 | $3643.52 | 4.83% | $187,100 | 14.79% |
| 2021-10-17 | $3475.78 | 9.89% | $163,000 | 2.45% |
What's Special
Pull Down Stairs,Storage
Listed by: Ed McCutcheon • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434562
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.
