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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 624 Diamond Point Pl, Fort Wayne, IN, 46804 offers $2,598/mo rent that, after a $1,664/mo payment, leaves $490/mo cash flow. Total monthly income is $2,598/mo, and annual cash flow is $5,877/yr on $112,677 cash. Return on cash invested measures 25.13% in year one, and rental yield stands at 9.17% at a $339,900 entry. Equity gained on principal adds $2,193/yr while 5% annual appreciation compounds into $93,908 by year five. Five-year ROI records 130.82% and total cumulative return in cash reaches $147,407. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,598/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
9,583 sqft lot
$N/A/sqft
$181 annually HOA
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-20 | $3450.58 | 5.08% | $334,600 | 4.04% |
| 2023-06-20 | $3283.74 | 20.75% | $321,600 | 6.07% |
| 2022-06-20 | $2719.36 | 9.41% | $303,200 | 17.07% |
What's Special
Pull Down Stairs
Listed by: Bradley Stinson • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523402
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.
