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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 9020 Spring Forest Dr, Fort Wayne, IN, 46804 offers a 9.14% rental yield on a $279,900 purchase with $2,133/mo rent. Total monthly income registers $2,133/mo, and a $1,370/mo payment leaves $438/mo available for distribution. Annual cash flow reaches $5,252/yr on $92,787 to close, and return on cash invested stands at 25.57% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 133.04% and total cumulative return in cash at $123,445. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,133/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
8,276 sqft lot
$N/A/sqft
$181 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 |
|---|---|---|
| 2025-04-23 | Listed for sale | $279,900 |
| 2021-08-20 | Sold | $214,900 |
| 2021-07-13 | Pending sale | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $2286.52 | 4.12% | $233,000 | 7.62% |
| 2023-04-24 | $2196.00 | 21.69% | $216,500 | 5.87% |
| 2022-04-24 | $1804.60 | 6.56% | $204,500 | 18.21% |
What's Special
Storage
Listed by: Amanda Blackburn • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514066
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.
