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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 8202 Cardinal Ct, Fort Wayne, IN, 46804 offers $2,604/mo rent that, after a $2,080/mo payment. Total monthly income is $2,604/mo. Return on cash invested measures 19.89% in year one, and rental yield stands at 7.35% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 102.7% and total cumulative return in cash reaches $144,689. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,604/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.34 Acres lot
$N/A/sqft
$420 annually HOA
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
Date | Event | Price |
|---|---|---|
| 2024-12-13 | Sold | $425,000 |
| 2024-11-11 | Pending sale | $429,900 |
| 2024-10-23 | Price change | $429,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $3765.44 | 6.59% | $398,300 | 13.61% |
| 2023-11-01 | $3532.78 | 13.67% | $350,600 | 7.45% |
| 2022-11-01 | $3107.88 | 7.22% | $326,300 | 10.27% |
What's Special
Walk-up
Listed by: Shellie Pitts • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439283
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.
