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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 702 Union St, Fort Wayne, IN, 46802 uses $99,450 cash to close to unlock $3,207/yr annual cash flow and $267/mo monthly cash flow. Total monthly income runs $2,377/mo, and a $1,468/mo payment keeps the spread at $267/mo. Purchase price stands at $300,000, and rental yield measures 9.51% with $2,377/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 121.27% and total cumulative return in cash records $120,600. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,377/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46802, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,718 (100%) |
| Owner Occupied HU | 1,514 (26.5%) |
| Renter Occupied HU | 3,373 (59.0%) |
| Vacant Housing Units | 831 (14.5%) |
| Median Home Value | $178,409 |
| Average Home Value | $232,751 |
Residential
5,036
Single Family
3,762
Multi-Family
1,274
Businesses
984
Date | Event | Price |
|---|---|---|
| 2025-01-31 | Listing removed | $298,000 |
| 2024-10-05 | Listed for sale | $298,000 |
| 2024-06-26 | Listing removed | $284,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $6200.18 | 2.86% | $290,000 | 6.93% |
| 2023-11-01 | $6027.80 | 11.03% | $271,200 | 1.12% |
| 2022-11-01 | $5429.02 | 2.86% | $268,200 | 10.64% |
Listed by: Robert Watson • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202323626
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.
