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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 7619 Preakness Cv, Fort Wayne, IN, 46815 offers $2,102/mo rent that, after a $1,223/mo payment, leaves $438/mo cash flow. Total monthly income is $2,102/mo, and annual cash flow is $5,252/yr on $82,842 cash. Return on cash invested measures 26.25% in year one, and rental yield stands at 10.09% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 137.48% and total cumulative return in cash reaches $113,894. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,102/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1988
7,840 sqft lot
$N/A/sqft
$425 quarterly HOA
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
Date | Event | Price |
|---|---|---|
| 2025-08-30 | Listed for sale | $249,900 |
| 2025-08-30 | Listing removed | $249,900 |
| 2025-07-11 | Price change | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-02 | $2346.50 | 20.92% | $213,600 | 2.40% |
| 2023-09-02 | $1940.56 | 4.91% | $208,600 | 20.30% |
| 2022-09-02 | $1849.68 | 9.15% | $173,400 | 4.39% |
What's Special
Pull Down Stairs,Storage
Listed by: Jack Shearer • Shearer REALTORS, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534971
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.
