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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 807 W Washington Blvd, Fort Wayne, IN, 46802 offers a 10.06% rental yield on a $249,900 purchase with $2,095/mo rent. Total monthly income registers $2,095/mo, and a $1,223/mo payment leaves $466/mo available for distribution. Annual cash flow reaches $5,596/yr on $82,842 to close, and return on cash invested stands at 26.66% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 139.53% and total cumulative return in cash at $115,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,095/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1876
4,356 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 |
|---|---|---|
| 2025-05-30 | Listed for sale | $249,900 |
| 2025-01-06 | Listing removed | $249,900 |
| 2024-12-05 | Price change | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-01 | $3619.06 | 5.59% | $219,300 | 38.53% |
| 2023-06-01 | $3427.44 | 4.39% | $158,300 | 3.80% |
| 2022-06-01 | $3283.40 | 12.57% | $152,500 | 4.02% |
Listed by: Sarah Spenn • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520251
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.
