1006 Savilla Ave · Fort Wayne, IN 46807

$84,000

3 bd · 1.5 ba · 1,512 sqft · SingleFamily public records · 22 Days on market

Built 1930 4,356 sqft lot ↓ 25% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• Rent growth +4.6/5.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Handyman special! selling as is, cash only!

Key facts

• 4,356 sq ft lot
• Built 1930
• Listed 22 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence (site-built); One story
• Construction: Vinyl siding
• Exterior features: Asphalt roof; Lot roughly 41 x 110 (0.1 acre)

Interior

• Bedrooms: Bedrooms included in total room count
• Bathrooms: 2 full bathrooms; 1 main-level bathroom
• Heating & cooling: Baseboard heating; Window air conditioning unit(s)
• Interior features: Finished living space with a total of 8 rooms; Unfinished basement
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $84k.

Deal economics

• At list price, monthly cash flow is $439 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $84k).
• Recommended offer: $83k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.6% vs local median 4.8% in Fort Wayne — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 84/100 on livability (#6 in IN, #676 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime C-, employment D+.
• Fort Wayne Community Schools (urban): math 22% / reading 29% proficiency, ranked #263 of 301 in IN (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: South Wayne Elementary School (math 17% / reading 17%, grade F, #837 of 994 statewide, top 86%, 362 students, 88% FRL); Portage Middle School (math 8% / reading 18%, grade F, #304 of 330 statewide, top 94%, 436 students, 79% FRL); South Side High School (math 12% / reading 39%, grade F, #322 of 369 statewide, top 87%, 1,423 students, 73% FRL) — zoned schools average 80% FRL vs 60% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+8.2%/yr); 94 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,861 units permitted in Allen County in 2024 (576 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $581 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Allen County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($83k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $6k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $82,740 (1.5% below list)

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.49% ✓
• Cap rate: 12.56%
• Cash-on-cash: 22.39%
• DSCR: 2.00
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $170,856
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3124 Broadway	0.30mi	3/2.0	1,556 (+3%)	1mo	$159,900	$103	79
1510 Waldron Cir	0.36mi	3/1.0	1,597 (+6%)	2mo	$179,900	$113	70
1240 W Oakdale Drive Dr	0.57mi	3/1.0	1,465 (-3%)	3mo	$153,000	$104	64
1020 W Oakdale Dr	0.52mi	3/2.0	1,600 (+6%)	1mo	$192,500	$120	63
326 Arcadia Ct	0.71mi	3/1.0	1,526 (+1%)	1mo	$171,000	$112	62
3314 Webster St	0.68mi	3/1.0	1,534 (+2%)	2mo	$153,000	$100	62
709 W Oakdale Dr	0.58mi	3/1.5	1,640 (+8%)	2mo	$260,000	$159	57
1202 W Oakdale Dr	0.54mi	3/1.5	1,650 (+9%)	3mo	$237,000	$144	57
721 W Oakdale Dr	0.58mi	3/1.5	1,344 (-11%)	2mo	$190,000	$141	53
541 Kinnaird Ave	0.39mi	4/1.5 (+1)	1,728 (+14%)	2mo	$70,000	$41	52
2027 Thompson Ave	0.55mi	3/1.0	1,320 (-13%)	1mo	$163,000	$123	50
443 French Ave	0.73mi	3/1.0	1,344 (-11%)	2mo	$124,000	$92	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 20.6%
• Equity multiple: 1.89×
• Total profit: $20,961
• Equity at exit: $12,525

10-year hold

• IRR: 31.9%
• Equity multiple: 4.59×
• Total profit: $84,377
• Equity at exit: $7,263

Cash invested: $23,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46807

• Rents YoY: 8.2%
• Active inventory: 94
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,253 high
• Mortgage (P&I): −$441
• Tax from tax record: −$75 /mo · $902/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $439

Break-even live

Break-even rent $697

Max offer price $84,000

Occupancy floor 60%

Sensitivity live

Price	-10% $486	-5% $463	+0% $439	+5% $415	+10% $391
Rent	-10% $340	-5% $389	+0% $439	+5% $488	+10% $538
Rate	-1.0pp $481	-0.5pp $460	base $439	+0.5pp $417	+1.0pp $395

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $21,000
• Closing costs: $2,520
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
907 Lincoln Ave Fort Wayne, IN	2.0	1.0	1060	$850	$0.80	14d	1	0.05mi
2431 Fox Ave Fort Wayne, IN	3.0	1.5	1522	$1,550	$1.02	14d	1	0.21mi
724 Kinnaird Ave Fort Wayne, IN	3.0	1.5	1880	$1,450	$0.77	44d	1	0.30mi
1353 Huestis Ave Fort Wayne, IN	4.0	1.0	1328	$1,300	$0.98	14d	1	0.31mi
1360 Huestis Ave Fort Wayne, IN	3.0	1.0	1056	$1,080	$1.02	14d	1	0.33mi
2430 Thompson Ave Fort Wayne, IN	2.0	1.0	1197	$975	$0.81	14d	1	0.36mi
1342 Guthrie St Fort Wayne, IN	3.0	1.0	1200	$899	$0.75	44d	1	0.40mi
2133 Riedmiller Ave Fort Wayne, IN	3.0	1.0	1056	$1,050	$0.99	22d	1	0.49mi
3008 Webster St Fort Wayne, IN	3.0	1.0	1344	$1,449	$1.08	22d	1	0.58mi
2616 S Harrison St Fort Wayne, IN	4.0	2.0	1908	$1,500	$0.79	44d	1	0.61mi
1104 Stophlet St Fort Wayne, IN	3.0	1.5	1288	$1,400	$1.09	14d	1	0.62mi
2118 Webster St Fort Wayne, IN	4.0	1.0	2200	$1,175	$0.53	44d	1	0.66mi
116 E Pontiac St Fort Wayne, IN	3.0	1.5	1400	$1,175	$0.84	22d	1	0.72mi
3510 S Harrison St Fort Wayne, IN	3.0	1.0	1248	$975	$0.78	14d	1	0.79mi
217 W Masterson Ave Fort Wayne, IN	2.0	1.0	1100	$995	$0.90	22d	1	0.80mi
877 Lavina St Fort Wayne, IN	1.0–3.0	1.0–2.0	997	$2,980	$2.99	44d	17	0.88mi
603 Lavina St Fort Wayne, IN	3.0	2.0	1872	$1,899	$1.01	44d	1	0.90mi
2530 Lafayette St Fort Wayne, IN	4.0	1.0	1816	$1,500	$0.83	44d	1	0.93mi
1118 Rockhill St Fort Wayne, IN	3.0	3.0	1790	$2,300	$1.28	44d	1	0.93mi
4201 S Wayne Ave Fort Wayne, IN	3.0	1.5	1252	$1,400	$1.12	22d	1	0.98mi
420 E Dewald St Fort Wayne, IN	3.0	1.5	1472	$1,300	$0.88	44d	1	1.03mi
1250 Ewing St Fort Wayne, IN	2.0	1.0–2.0	980	$2,081	$2.12	22d	24	1.03mi
451 E Pontiac St Fort Wayne, IN	3.0	1.0	1308	$1,050	$0.80	44d	1	1.04mi
915 Garden St Fort Wayne, IN	2.0	2.0	1275	$1,650	$1.29	14d	1	1.08mi
901 W Wayne St Unit 3 Fort Wayne, IN	2.0	2.0	1312	$1,700	$1.30	44d	1	1.12mi
3801 Lafayette St Fort Wayne, IN	2.0	1.0	1116	$995	$0.89	14d	1	1.17mi
835 Van Buren St Fort Wayne, IN	2.0	1.0–2.0	750	$1,995	$2.66	14d	29	1.20mi
4133 Lafayette St Fort Wayne, IN	4.0	2.0	1640	$1,400	$0.85	22d	1	1.32mi
859 Buchanan St Fort Wayne, IN	1.0–4.0	1.0	887	$1,074	$1.21	22d	1	1.44mi
1024 Colerick St Fort Wayne, IN	4.0	1.0	1388	$1,065	$0.77	22d	1	1.46mi

Listing history 22 events

1. 2026-06-18
   days on market $84,000 Active 22 DOM
2. 2026-06-17
   days on market $84,000 Active 21 DOM
3. 2026-06-16
   days on market $84,000 Active 20 DOM
4. 2026-06-15
   days on market $84,000 Active 19 DOM
5. 2026-06-14
   pricedays on market $84,000 Active 17 DOM
6. 2026-06-10
   days on market $85,000 Active 14 DOM
7. 2026-06-09
   days on market $85,000 Active 13 DOM
8. 2026-06-09
   price $85,000 Active 12 DOM
9. 2026-06-08
   days on market $87,900 Active 12 DOM
10. 2026-06-07
    pricedays on market $87,900 Active 11 DOM
11. 2026-06-03
    days on market $89,900 Active 7 DOM
12. 2026-06-02
    days on market $89,900 Active 6 DOM
13. 2026-06-01
    days on market $89,900 Active 5 DOM
14. 2026-05-31
    days on market $89,900 Active 4 DOM
15. 2026-05-30
    days on market $89,900 Active 3 DOM
16. 2026-05-27
    listed $89,900 Active
17. 2026-04-23
    historical
18. 2026-04-08
    price $110,500
19. 2026-04-01
    price $113,000
20. 2026-03-06
    price $115,500
21. 2026-02-26
    price $117,500
22. 2026-02-17
    listed $120,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $902 · $75/mo
• Projected year-2 tax: $902 · $75/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,031
• − Mortgage interest: −$4,705
• − Property taxes: −$902
• − Insurance: −$420
• − Repairs & maintenance: −$1,202
• − Management: −$1,202
• − Depreciation: −$2,444
• Taxable income: $4,155
• Est. tax owed @ 24.0%: −$997
• After-tax cash flow: $4,269/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Fort Wayne Community Schools
• NCES district ID: 1803630
• Math proficiency: 22% ▼ -11.00%
• Reading proficiency: 29% ▼ -7.00%
• Median HH income: $41,951
• Composite: 21.68/100
• National rank: #8275
• State rank: #263 of 301 in IN

Livability — Fort Wayne

• Score: 84/100
• State rank: #6
• US rank: #676

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime C- Employment D+ Housing A+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Wayne, IN
• County: Allen County · 326,813 people
• City population: 326,813
• Metro: Fort Wayne, IN
• Population (ZIP): 16,317
• Household income: $58,685
• Rent vs Own: 39.7% rent · 60.3% own
• Severe rent burden: 680.0

Population outlook (Allen County) Hauer SSP2

• Today (2025): 394,020 people
• By 2030: 405,128 · +2.8%
• By 2040: 423,476 · +7.5%
• By 2050: 435,137 · +10.4%
• By 2075: 450,293 · +14.3%
• By 2100: 424,101 · +7.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 54% Two or more races 19% Hispanic / Latino 16% Black 14% Asian 4%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Slovak 3% Lithuanian 3% Romanian 2%
• Foreign-born: 9% · Canada, Philippines, Jamaica
• Languages at home: 82% English-only · Spanish 13% Other Asian/Pacific 4% German/W. Germanic 1%

Political lean MEDSL · Allen

• 2024 margin: R (+12.5) · D 42.9% · R 55.4% · Other 1.7%
• 2008→2024 swing: -8.1pp toward R · 2008: -4.3pp · 2024: -12.5pp
• All cycles: 2024: R+12.5 2020: R+11.2 2016: R+19.6 2012: R+16.8 2008: R+4.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -318.66%
• Current HPI: 272.6238
• Rent YoY: ▲ 8.24%
• Metro: Fort Wayne, IN
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

-25.1% since first listed

7 events — show timeline

• 2026-05-27 Listed $89,900 IRMLS
• 2026-04-23 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2026-04-08 Price Changed $110,500 NIRA MLS as Distributed by MLS Grid
• 2026-04-01 Price Changed $113,000 NIRA MLS as Distributed by MLS Grid
• 2026-03-06 Price Changed $115,500 NIRA MLS as Distributed by MLS Grid
• 2026-02-26 Price Changed $117,500 NIRA MLS as Distributed by MLS Grid
• 2026-02-17 Listed $120,000 NIRA MLS as Distributed by MLS Grid

Property tax history

+3.0%/yr

Latest (2024): $902 · -43.5% YoY. Source: county tax records.