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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 657 W State Blvd, Fort Wayne, IN, 46808 at $120,000 posts ROI 21.81% with $63/mo cash flow from $918/mo rent. Total monthly income equals $918/mo, and annual cash flow records $757/yr on $39,780 to close. Return on cash invested measures 21.81% and rental yield reads 9.18% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 114.38% and total cumulative return in cash totals $45,499.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $918/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
6,534 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 |
|---|---|---|
| 2025-03-28 | Price change | $120,000 |
| 2024-10-07 | Listed for sale | $130,000 |
| 2022-06-17 | Sold | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-29 | $2615.40 | 114.74% | $138,300 | 20.89% |
| 2023-03-29 | $1217.92 | 29.48% | $114,400 | -2.05% |
| 2022-03-29 | $940.60 | 60.28% | $116,800 | 20.41% |
Listed by: Nicolas Lowden • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510250
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.
