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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 6909 King Lear Blvd, Fort Wayne, IN, 46818 generates $2,188/mo in rent and, after a $1,199/mo payment, leaves $718/mo in cash flow. Total monthly income is $2,188/mo, and annual cash flow is $8,611/yr on $81,184 invested. Return on cash invested sits at 30.52% in year one, and rental yield is 10.72% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 159.51% and total cumulative return in cash sums $129,497. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,188/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
Date | Event | Price |
|---|---|---|
| 2025-08-19 | Sold | $244,900 |
| 2025-07-29 | Pending sale | $244,900 |
| 2025-07-26 | Listed for sale | $244,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-28 | $427.60 | 1.99% | $221,100 | -0.36% |
| 2023-10-28 | $419.24 | 2.00% | $221,900 | 12.75% |
| 2022-10-28 | $411.00 | 4.10% | $196,800 | 18.41% |
Listed by: Jessica Brookmyer • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529377
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.
