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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 9242 Wayne Trce, Fort Wayne, IN, 46816 offers a 12.46% rental yield on a $196,800 purchase with $2,044/mo rent. Total monthly income registers $2,044/mo, and a $963/mo payment leaves $863/mo available for distribution. Annual cash flow reaches $10,355/yr on $65,239 to close, and return on cash invested stands at 35.78% in year one. Equity gained on principal adds $1,270/yr while 5% annual appreciation supports $54,372 over five years. Portfolio math shows five-year ROI at 187.73% and total cumulative return in cash at $122,471. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,044/mo property income against a $963/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
Date | Event | Price |
|---|---|---|
| 2025-10-17 | Listing removed | $199,995 |
| 2025-08-25 | Price change | $199,995 |
| 2025-08-04 | Price change | $219,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $1195.64 | 86.18% | $176,700 | 7.16% |
| 2023-10-18 | $642.20 | 29.76% | $164,900 | 28.33% |
| 2022-10-18 | $494.92 | 0.09% | $128,500 | 28.63% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
