6410 Kent Rd · Fort Wayne, IN 46816

$144,900

3 bd · 1.0 ba · 1,067 sqft · SingleFamily public records · 4 Days on market

Built 1958 7,492 sqft lot Est $155k · 6% under

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Why this score? — see what drove the D+ 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 +15.7/30.0
• ARV discount +10.4/15.0
• DSCR +4.9/10.0
• Livability +4.2/5.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This retro treasure awaits its new owner. Former owner displayed care and personality when designing this home. Skylight in bathroom. Custom built-ins, custom cabinets, and custom fixtures make this home wonderfully unique. 3 Bedrooms 1 Bath. Carpets cleaned 2/15/19. New furnace fall of 2018. The wall mirror behind the door in master (blue) bedroom and the wall mirror behind door in second blue bedroom do not stay with the home. The credenza in the third (white) bedroom is negotiable. There is no washer/dryer hook-up.

Key facts

• Custom cabinets
• Wood slat ceiling
• Mcm fireplace

Tags

• CUSTOM CABINETS
• BUILT-INS
• MCM FIREPLACE
• WOOD SLAT CEILING
• DISTINCTIVE LIGHTING FIXTURES
• SKYLIGHT IN BATHROOM

Property features AI

Exterior

• Parking: Detached garage; Approximately 1.5 garage spaces; Concrete driveway / off-street parking
• Utilities: Public water; Public sewer; Gas water heater
• Home design: Single-family, site-built home; One story
• Construction: Wood siding; Built as a site-built home
• Exterior features: Patio; Level lot

Interior

• Kitchen: Gas range; Disposal
• Bedrooms: 6 total rooms (includes bedrooms and living spaces); Laundry located on the main level
• Flooring: Hardwood; Carpet; Laminate
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Laminate counters; Built-in features; Fireplace in the living room
• Laundry & utility: Washer/dryer hookups and water heater (gas water heater listed)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $65 ($780/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (16.4% below list).
• Recommended offer: $121k (16.4% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.7% 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: Harrison Hill Elementary School (math 21% / reading 18%, grade F, #814 of 994 statewide, top 83%, 618 students, 76% FRL); Kekionga Middle School (math 10% / reading 17%, grade F, #303 of 330 statewide, top 92%, 538 students, 80% 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 77% FRL vs 60% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 50 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 1,861 units permitted in Allen County in 2024 (576 in 5+ unit buildings).
• This rent runs 32% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $55k; list at $145k implies a 164% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $121,176 (16.4% below list)

Questions for the listing agent

1. Built in 1958 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.84% ✗
• Cap rate: 6.83%
• Cash-on-cash: 1.92%
• DSCR: 1.09
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $154,715
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6410 Kent Rd	0.00mi	3/1.0	1,067 (0%)	1mo	$155,000	$145	99
6125 Chaddsford Dr	0.19mi	3/1.0	1,080 (+1%)	4mo	$105,000	$97	85
6411 Bristol Rd	0.03mi	3/1.0	1,147 (+8%)	2mo	$171,900	$150	84
6022 Chaddsford Dr	0.29mi	3/1.0	1,036 (-3%)	6mo	$160,000	$154	77
6708 S Calhoun St	0.37mi	3/1.0	1,110 (+4%)	0mo	$130,000	$117	76
123 Edgeknoll Ln	0.20mi	3/2.0	1,008 (-6%)	6mo	$180,000	$179	72
225 Dunbar Ln	0.07mi	3/1.0	925 (-13%)	3mo	$153,000	$165	72
116 Burns Blvd	0.39mi	3/1.0	1,134 (+6%)	1mo	$87,500	$77	70
6420 Downingtown Dr	0.24mi	3/1.0	962 (-10%)	5mo	$100,000	$104	68
6031 S Calhoun St	0.31mi	3/1.0	925 (-13%)	0mo	$164,000	$177	63
6112 Hystone Dr	0.55mi	3/2.0	1,225 (+15%)	2mo	$165,000	$135	44
5409 Webster St	0.69mi	2/1.0 (-1)	947 (-11%)	2mo	$90,000	$95	42

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.3%
• Equity multiple: 0.52×
• Total profit: $-19,391
• Equity at exit: $21,605

10-year hold

• IRR: -4.4%
• Equity multiple: 0.71×
• Total profit: $-11,755
• Equity at exit: $12,528

Cash invested: $40,572 (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 46816

• Home prices YoY: -27.9%
• Active inventory: 50
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,212 high
• Mortgage (P&I): −$760
• Tax from tax record: −$72 /mo · $865/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $65

Break-even live

Break-even rent $1,130

Max offer price $144,900

Occupancy floor 90%

Sensitivity live

Price	-10% $147	-5% $106	+0% $65	+5% $24	+10% $-17
Rent	-10% $-31	-5% $17	+0% $65	+5% $113	+10% $161
Rate	-1.0pp $138	-0.5pp $102	base $65	+0.5pp $27	+1.0pp $-11

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6033 S Calhoun St Fort Wayne, IN	3.0	1.0	1042	$1,220	$1.17	23d	1	0.30mi
220 E Hoover Dr Fort Wayne, IN	2.0–3.0	1.5	1150	$1,259	$1.09	15d	5	0.39mi
308 Pursley Dr Fort Wayne, IN	3.0	1.0	850	$1,100	$1.29	45d	1	0.43mi
1004 Fayette Dr Fort Wayne, IN	1.0–2.0	1.0	679	$1,199	$1.76	15d	18	0.51mi
405 Pursley Dr Fort Wayne, IN	2.0	1.0	720	$850	$1.18	45d	1	0.53mi
6440 Fairfield Ave Fort Wayne, IN	1.0–2.0	1.0–1.5	928	$1,344	$1.45	15d	10	0.54mi
522 Pinegrove Ln Fort Wayne, IN	2.0–3.0	1.0–1.5	1248	$1,259	$1.01	15d	8	0.67mi
700 Candlelite Ct Fort Wayne, IN	2.0–3.0	1.0–2.5	1388	$1,399	$1.01	15d	4	0.69mi
1003 Pointe Center Cv Unit 1003 Fort Wayne, IN	2.0	1.5	1200	$1,275	$1.06	46d	1	0.90mi
5009 Hoagland Ave Fort Wayne, IN	2.0	1.0	1000	$1,300	$1.30	45d	1	0.91mi
4655 Avondale Dr Fort Wayne, IN	2.0	1.0	768	$875	$1.14	45d	1	1.06mi
4522 Spatz Ave Fort Wayne, IN	2.0	1.0	840	$950	$1.13	45d	1	1.26mi
4331 Lafayette St Fort Wayne, IN	2.0	1.0	810	$925	$1.14	15d	1	1.33mi
4405 S Park Dr Fort Wayne, IN	2.0	1.0	1440	$1,175	$0.82	15d	1	1.36mi
8310 Bridgeway Blvd Fort Wayne, IN	1.0–2.0	1.0–2.0	818	$1,346	$1.65	15d	56	1.42mi
4126 Lafayette St Fort Wayne, IN	2.0	1.0	775	$1,275	$1.65	45d	1	1.47mi
4121 Monroe St Fort Wayne, IN	2.0	1.0	725	$1,100	$1.52	15d	1	1.49mi
4705 S Anthony Blvd Fort Wayne, IN	3.0	1.0	1110	$1,050	$0.95	15d	1	1.49mi

Listing history 6 events

1. 2026-05-01
   status Pending
2. 2026-04-29
   status Active
3. 2026-04-15
   status Pending
4. 2026-04-12
   listed $144,900 Active
5. 2019-04-01
   soldstatus $54,900 523-char remark

   Show marketing remark (523 chars)

   This retro treasure awaits its new owner. Former owner displayed care and personality when designing this home. Skylight in bathroom. Custom built-ins, custom cabinets, and custom fixtures make this home wonderfully unique. 3 Bedrooms 1 Bath. Carpets cleaned 2/15/19. New furnace fall of 2018. The wall mirror behind the door in master (blue) bedroom and the wall mirror behind door in second blue bedroom do not stay with the home. The credenza in the third (white) bedroom is negotiable. There is no washer/dryer hook-up.

6. 2019-02-15
   listed $54,900 523-char remark

   Show marketing remark (523 chars)

   This retro treasure awaits its new owner. Former owner displayed care and personality when designing this home. Skylight in bathroom. Custom built-ins, custom cabinets, and custom fixtures make this home wonderfully unique. 3 Bedrooms 1 Bath. Carpets cleaned 2/15/19. New furnace fall of 2018. The wall mirror behind the door in master (blue) bedroom and the wall mirror behind door in second blue bedroom do not stay with the home. The credenza in the third (white) bedroom is negotiable. There is no washer/dryer hook-up.

ⓘ 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: $865 · $72/mo
• Projected year-2 tax: $1,048 · $87/mo
• Expected delta: +$183/yr (+$15/mo · 21.2%)

ⓘ 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: $14,541
• − Mortgage interest: −$8,117
• − Property taxes: −$865
• − Insurance: −$724
• − Repairs & maintenance: −$1,163
• − Management: −$1,163
• − Depreciation: −$4,215
• Taxable loss: −$1,707
• Est. tax savings @ 24.0%: +$410
• After-tax cash flow: $1,189/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): 19,514
• Household income: $45,343
• Rent vs Own: 45.5% rent · 54.5% own
• Severe rent burden: 921.0

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: Highly diverse neighborhood (Simpson 0.74)
• Race & ethnicity: White 34% Black 30% Asian 20% Hispanic / Latino 11% Two or more races 8%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Portuguese 2% Italian 2% Romanian 1%
• Foreign-born: 21% · Philippines, Canada, China
• Languages at home: 73% English-only · Other Asian/Pacific 16% Spanish 10%

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: ▼ -108.64%
• Current HPI: 279.9884
• Rent YoY: —
• 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

+163.9% since first listed

6 events — show timeline

• 2026-05-01 Pending — IRMLS
• 2026-04-29 Relisted — IRMLS
• 2026-04-15 Pending — IRMLS
• 2026-04-12 Listed $144,900 IRMLS
• 2019-04-01 Sold (MLS) $54,900 IRMLS
• 2019-02-15 Listed $54,900 IRMLS

Property tax history

+46.5%/yr

Latest (2024): $865 · +22.1% YoY. Source: county tax records.