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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 6229 Monroeville Rd, Fort Wayne, IN, 46816 uses $86,190 cash to close to unlock $9,706/yr annual cash flow and $809/mo monthly cash flow. Total monthly income runs $2,370/mo, and a $1,273/mo payment keeps the spread at $809/mo. Purchase price stands at $260,000, and rental yield measures 10.94% with $2,370/mo rent. Return on cash invested shows 31.17% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 163% and total cumulative return in cash records $140,489. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,370/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1949
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
Date | Event | Price |
|---|---|---|
| 2024-11-11 | Sold | $260,000 |
| 2024-10-22 | Pending sale | $269,900 |
| 2024-09-05 | Price change | $269,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1572.78 | 36.39% | $193,500 | 2.76% |
| 2023-11-02 | $1153.18 | 17.06% | $188,300 | 7.11% |
| 2022-11-02 | $985.12 | -0.07% | $175,800 | 21.58% |
Listed by: Robert Harris • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202429214
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.
