Address: 3200 Woodrow Ave
City: Fort Wayne
Square Feet: 1530
Get Cash Flow Through Indiana Rental Properties
Which markets are attractive for cash flow properties in 2023? Many investors cannot buy cash flowing properties where they live locally due to high home values. Better than the Indianapolis ROI and cashflow opportunity is the Fort Wayne real estate market.
Look for cities with highest cap rates in 2023?
Look no further. Fort Wayne, Indiana is at the top of great cash flowing areas to invest because of job growth, market demand, and strategic location.
Property values are on an upswing in the area of this investor bargain at 3200 Woodrow Ave.
are great cities for cash flow. …. neighborhoods that were sure to appreciate and still offer 1.5% rental yield. … We also super high cashflow with little appreciation in other areas.
Affordable, nice and convenient Fort Wayne location
Get this property before the price goes up! 4 Bed with that needs the details finished. Save big money by doing the stuff yourself: drywall, paint, flooring. Property has a 1st floor laundry with washer and dryer included.
Great location near Coliseum Blvd and quick access to I-69 and booming Downtown district. This single-family property located at 3200 Woodrow Ave, Fort Wayne, Indiana has 4 beds, 1 bath, and was built in 1930. It has features:
- Maintenance free siding
- New EnergyStar double hung windows and aluminum wrap
- Ample private off street parking
- Partial daylight basement
- Remodeled kitchen with new wood flooring
- Hardwood floors upstairs
- Some new light fixtures and switches
- Newly remodeled bath and shower
About the numbers
3200 Woodrow Ave is in the Riverside Addition neighborhood of Fort Wayne Indiana. Riverside is a popular but quite area. Properties in the neighborhood display pride of ownership and community activities.
The average list price for 3200 Woodrow Ave is $86,250. While this property is currently assessed at $42,900 by the Allen County Assessor’s office many updates and improvements have been done since the assessment.
The property is being sold well below market value for $26,250 cash or $29,900 on contract with 5500 down. And low Wayne Township taxes will make this property affordable, and appreciate, for many years to come.
The right person with some TLC could make this property into something really special. Don’t miss this chance on a great deal.
2023 Rents in Neighborhood
Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the median rent for this property of $602 per month. 2023 Fair Market Rent = $910.00 a month.
2023 Household Affordability
According to U.S. Department of Housing and Urban Development the Riverside Addition neighborhood is very affordable to rent or own.
As 2023 local inventory is dropping in Fort Wayne this investor special has several viable exit strategies:
- Buy And Hold Rental
- Fix and Flip To Retail
- Wholesale to handyman, Landlord or Investor
To own this property
Monthly Est. Mortgage $202
Monthly Est. Insurance $17
Monthly Est. Tax $37
Contact us about investor financing this deal
Terms of Sale
$500 will hold it and allow investor or investors authorized person to inspect property. Seller will provide clear title and pay Sellers closing costs and prorated taxes to day of sale.