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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 6715 Prescott Ct, Fort Wayne, IN, 46816 priced at $275,000 converts $1,954/mo rent into $303/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,954/mo, and annual cash flow totals $3,639/yr on $91,163 invested. Return on cash invested prints 23.9% in year one, and rental yield reads 8.53% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 124.02% and total cumulative return in cash sums $113,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,954/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1978
8,276 sqft 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 |
|---|---|---|
| 2025-03-26 | Listed for sale | $275,000 |
| 2025-01-27 | Listing removed | $269,900 |
| 2024-11-28 | Listed for sale | $269,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-28 | $2119.00 | 20.12% | $215,000 | 1.46% |
| 2023-03-28 | $1764.00 | 26.09% | $211,900 | 20.12% |
| 2022-03-28 | $1399.00 | 22.27% | $176,400 | 26.09% |
Listed by: Ahtway Freeda • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509989
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.
