4423 Bowser Ave · Fort Wayne, IN 46806

$122,000

3 bd · 1.0 ba · 1,065 sqft · SingleFamily public records · 237 Days on market

Built 1950 6,650 sqft lot $115/sqft · at area comps Est $119k · at est. ↓ 8% since listing

---

Why this score? — see what drove the C- 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 +20.6/30.0
• DSCR +6.5/10.0
• ARV discount +6.2/15.0
• 1% rule +4.3/10.0
• Livability +4.2/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. Recent improvements include New roof, carpeting, vinyl flooring, windows, lighting, and ceiling fans in every room. The kitchen has a new sink, vented range hood, and the entire home has been freshly painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a brand-new Refrigerator and gas range. Conveniently located near Abbett School.

Key facts

• Freshly painted
• Vented range hood
• New sink

Tags

• NEW ROOF
• NEW SINK
• VENTED RANGE HOOD
• FRESHLY PAINTED
• LARGE WELCOMING FRONT PORCH
• PARTIALLY FENCED YARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $122k.

Deal economics

• At list price, monthly cash flow is $163 ($2k/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 $113k (7.4% below list).
• Recommended offer: $107k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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-, schools D+, 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.
• Market conditions: Rents rising fast (+4.9%/yr); 129 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $843 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

• It's been on market 237 days — a 12% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $18k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $107,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 237 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.93% ✗
• Cap rate: 7.90%
• Cash-on-cash: 5.73%
• DSCR: 1.25
• GRM: 9.0

CMA / ARV

• ARV (median comp): $118,512
• List price: $122,000
• Delta: 2.94%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4502 Winter St	0.17mi	3/1.0	1,107 (+4%)	0mo	$145,000	$131	85
4126 Bowser Ave	0.24mi	3/1.0	1,096 (+3%)	3mo	$130,000	$119	82
4602 Reed St	0.14mi	3/1.0	972 (-9%)	3mo	$110,000	$113	76
4915 Gaywood Dr	0.43mi	3/1.0	1,025 (-4%)	2mo	$140,000	$137	72
801 Mckinnie Ave	0.41mi	3/1.0	1,125 (+6%)	3mo	$92,500	$82	69
1515 E Rudisill Blvd	0.45mi	3/1.0	1,125 (+6%)	2mo	$114,900	$102	68
4642 Warsaw St	0.61mi	3/1.0	1,000 (-6%)	2mo	$142,000	$142	60
4017 Weisser Park Ave	0.49mi	3/2.0	960 (-10%)	1mo	$129,000	$134	56
4505 Plaza Dr	0.51mi	3/1.0	1,184 (+11%)	2mo	$79,000	$67	55
3921 Bowser Ave	0.37mi	2/1.5 (-1)	918 (-14%)	2mo	$79,000	$86	51
3317 Smith St	0.75mi	3/1.0	1,182 (+11%)	4mo	$65,000	$55	44
4102 Warsaw St	0.65mi	2/1.0 (-1)	924 (-13%)	2mo	$52,000	$56	41

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 · 4.93% rent growth · sell at horizon

5-year hold

• IRR: -5.6%
• Equity multiple: 0.79×
• Total profit: $-7,206
• Equity at exit: $18,191

10-year hold

• IRR: 6.0%
• Equity multiple: 1.48×
• Total profit: $16,417
• Equity at exit: $10,548

Cash invested: $34,160 (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 46806

• Home prices YoY: -33.6%
• Rents YoY: 4.9%
• Active inventory: 129
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,129 high
• Mortgage (P&I): −$640
• Tax from tax record: −$38 /mo · $462/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $163

Break-even live

Break-even rent $923

Max offer price $122,000

Occupancy floor 81%

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: $30,500
• Closing costs: $3,660
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4129 Bowser Ave Fort Wayne, IN	3.0	1.5	850	$1,250	$1.47	21d	1	0.22mi
4522 Spatz Ave Fort Wayne, IN	2.0	1.0	840	$950	$1.13	43d	1	0.26mi
4405 S Park Dr Fort Wayne, IN	2.0	1.0	1440	$1,175	$0.82	13d	1	0.30mi
4014 Oliver St Fort Wayne, IN	3.0	1.0	936	$1,050	$1.12	13d	1	0.35mi
4705 S Anthony Blvd Fort Wayne, IN	3.0	1.0	1110	$1,050	$0.95	13d	1	0.36mi
3932 Winter St Fort Wayne, IN	2.0	1.0	750	$875	$1.17	43d	1	0.39mi
4121 Monroe St Fort Wayne, IN	2.0	1.0	725	$1,100	$1.52	13d	1	0.56mi
4325 Werling Dr Fort Wayne, IN	1.0–3.0	1.0–2.0	923	$1,164	$1.26	43d	1	0.59mi
1023 Hamilton Ave Fort Wayne, IN	3.0	1.0	1152	$1,075	$0.93	13d	1	0.61mi
4655 Avondale Dr Fort Wayne, IN	2.0	1.0	768	$875	$1.14	43d	1	0.64mi
4331 Lafayette St Fort Wayne, IN	2.0	1.0	810	$925	$1.14	13d	1	0.69mi
3410 S Anthony Blvd Fort Wayne, IN	3.0	1.0	900	$1,200	$1.33	43d	1	0.74mi
4126 Lafayette St Fort Wayne, IN	2.0	1.0	775	$1,275	$1.65	43d	1	0.75mi
3801 Lafayette St Fort Wayne, IN	2.0	1.0	1116	$995	$0.89	13d	1	0.84mi
4018 S Clinton St Fort Wayne, IN	3.0	1.0	860	$1,000	$1.16	21d	1	0.86mi
3009 Holton Ave Fort Wayne, IN	3.0	1.0	1212	$1,400	$1.16	13d	1	0.92mi
1024 Colerick St Fort Wayne, IN	4.0	1.0	1388	$1,065	$0.77	21d	1	0.96mi
442 E Wildwood Ave Fort Wayne, IN	2.0	1.0	864	$875	$1.01	21d	1	1.11mi
1004 Fayette Dr Fort Wayne, IN	1.0–2.0	1.0	679	$1,199	$1.76	13d	18	1.18mi
3510 S Harrison St Fort Wayne, IN	3.0	1.0	1248	$975	$0.78	13d	1	1.22mi
5009 Hoagland Ave Fort Wayne, IN	2.0	1.0	1000	$1,300	$1.30	43d	1	1.26mi
227 W Darrow Ave Fort Wayne, IN	3.0	1.0	995	$1,000	$1.01	43d	1	1.26mi
2903 Queen St Fort Wayne, IN	3.0	2.0	1460	$1,200	$0.82	43d	1	1.26mi
2754 E Paulding Rd Fort Wayne, IN	1.0–3.0	1.0–2.5	997	$1,089	$1.09	13d	14	1.29mi
2720 Queen St Fort Wayne, IN	3.0	2.0	1316	$1,395	$1.06	13d	1	1.31mi
451 E Pontiac St Fort Wayne, IN	3.0	1.0	1308	$1,050	$0.80	43d	1	1.32mi
418 W Rudisill Blvd Unit 2 Fort Wayne, IN	2.0	1.0	768	$975	$1.27	21d	1	1.33mi
6033 S Calhoun St Fort Wayne, IN	3.0	1.0	1042	$1,220	$1.17	21d	1	1.38mi
4201 S Wayne Ave Fort Wayne, IN	3.0	1.5	1252	$1,400	$1.12	21d	1	1.45mi
3008 Webster St Fort Wayne, IN	3.0	1.0	1344	$1,449	$1.08	21d	1	1.46mi
308 Pursley Dr Fort Wayne, IN	3.0	1.0	850	$1,100	$1.29	43d	1	1.48mi
116 E Pontiac St Fort Wayne, IN	3.0	1.5	1400	$1,175	$0.84	21d	1	1.48mi
3702 Trace Cir Fort Wayne, IN	2.0–4.0	2.0	1571	$1,903	$1.21	43d	6	1.50mi

Listing history 38 events

1. 2026-06-18
   days on market $122,000 Active 237 DOM
2. 2026-06-17
   days on market $122,000 Active 236 DOM
3. 2026-06-16
   days on market $122,000 Active 235 DOM
4. 2026-06-15
   days on market $122,000 Active 234 DOM
5. 2026-06-14
   days on market $122,000 Active 232 DOM
6. 2026-06-10
   pricedays on market $122,000 Active 229 DOM
7. 2026-06-09
   days on market $123,000 Active 228 DOM
8. 2026-06-08
   days on market $123,000 Active 227 DOM
9. 2026-06-07
   days on market $123,000 Active 226 DOM
10. 2026-06-03
    days on market $123,000 Active 222 DOM
11. 2026-06-02
    days on market $123,000 Active 221 DOM
12. 2026-06-01
    days on market $123,000 Active 220 DOM
13. 2026-05-31
    days on market $123,000 Active 219 DOM
14. 2026-05-30
    days on market $123,000 Active 218 DOM
15. 2026-05-15
    price $123,000 581-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

16. 2026-05-15
    price $123,000 620-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

17. 2026-04-24
    price $124,000 581-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

18. 2026-04-24
    price $124,000 620-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

19. 2026-04-21
    status Active 581-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

20. 2026-04-21
    status Active 620-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

21. 2026-04-08
    status Pending 620-char remark

    Show marketing remark (581 chars)

    Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. Recent improvements include New roof, carpeting, vinyl flooring, windows, lighting, and ceiling fans in every room. The kitchen has a new sink, vented range hood, and the entire home has been freshly painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a brand-new Refrigerator and gas range. Conveniently located near Abbett School.

22. 2026-04-08
    status Pending 581-char remark

    Show marketing remark (581 chars)

    Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. Recent improvements include New roof, carpeting, vinyl flooring, windows, lighting, and ceiling fans in every room. The kitchen has a new sink, vented range hood, and the entire home has been freshly painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a brand-new Refrigerator and gas range. Conveniently located near Abbett School.

23. 2026-04-06
    price $125,000 581-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

24. 2026-04-06
    price $125,000 620-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

25. 2026-03-23
    price $125,500 581-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

26. 2026-03-23
    price $125,500 620-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

27. 2026-03-02
    price $126,000 620-char remark

    Show marketing remark (581 chars)

    Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. Recent improvements include New roof, carpeting, vinyl flooring, windows, lighting, and ceiling fans in every room. The kitchen has a new sink, vented range hood, and the entire home has been freshly painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a brand-new Refrigerator and gas range. Conveniently located near Abbett School.

28. 2026-03-02
    price $126,000 581-char remark

    Show marketing remark (581 chars)

    Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. Recent improvements include New roof, carpeting, vinyl flooring, windows, lighting, and ceiling fans in every room. The kitchen has a new sink, vented range hood, and the entire home has been freshly painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a brand-new Refrigerator and gas range. Conveniently located near Abbett School.

29. 2026-01-12
    price $126,500 581-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

30. 2026-01-12
    price $126,500 620-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

31. 2025-11-21
    price $128,000 581-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

32. 2025-11-21
    price $128,000 620-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

33. 2025-11-13
    price $130,000 581-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

34. 2025-11-13
    price $130,000 620-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

35. 2025-11-09
    price $134,000 581-char remark

    Show marketing remark (581 chars)

    Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. Recent improvements include New roof, carpeting, vinyl flooring, windows, lighting, and ceiling fans in every room. The kitchen has a new sink, vented range hood, and the entire home has been freshly painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a brand-new Refrigerator and gas range. Conveniently located near Abbett School.

36. 2025-11-03
    price $135,000 581-char remark

    Show marketing remark (581 chars)

    Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. Recent improvements include New roof, carpeting, vinyl flooring, windows, lighting, and ceiling fans in every room. The kitchen has a new sink, vented range hood, and the entire home has been freshly painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a brand-new Refrigerator and gas range. Conveniently located near Abbett School.

37. 2025-10-11
    listed $139,900 Active 581-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

38. 2025-10-11
    listed $134,000 Active 620-char remark

    Show marketing remark (620 chars)

    Great Investment opportunity! Four-bedroom, one-bath Ranch home that features a Very spacious 2-car garage and numerous updates throughout. All upgrades and improvements include New Roof, Carpeting, Vinyl Flooring, All Windows, Lighting, and Ceiling Fans in every room. The kitchen has a New Sink, vented range hood, and the entire home has been Freshly Painted. Additional highlights include a large welcoming front porch, a partially fenced yard, a security door, and an updated circuit breaker panel. Move-in ready, this home also comes with a New Refrigerator and Gas Range. Conveniently located near Abbett School.

ⓘ 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: $462 · $38/mo
• Projected year-2 tax: $749 · $62/mo
• Expected delta: +$288/yr (+$24/mo · 62.3%)

ⓘ 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 2/10 Low 7 d/yr ≥100°F today · 16 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: $13,551
• − Mortgage interest: −$6,834
• − Property taxes: −$462
• − Insurance: −$610
• − Repairs & maintenance: −$1,084
• − Management: −$1,084
• − Depreciation: −$3,549
• Taxable loss: −$72
• Est. tax savings @ 24.0%: +$17
• After-tax cash flow: $1,973/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): 26,425
• Household income: $47,895
• Rent vs Own: 48.1% rent · 51.9% own
• Severe rent burden: 1184.0

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: Black 37% Hispanic / Latino 26% White 21% Asian 12% Two or more races 11% Native American 2%
• Hispanic origin (detail): Mexican 18% Puerto Rican 1%
• Common ancestry: Italian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 19% · Canada, Philippines, South Korea
• Languages at home: 71% English-only · Spanish 19% Other Asian/Pacific 9%

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: ▼ -148.00%
• Current HPI: 291.8198
• Rent YoY: ▲ 4.93%
• 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

-8.2% since first listed

24 events — show timeline

• 2026-05-15 Price Changed $123,000 IRMLS
• 2026-05-15 Price Changed $123,000 IRMLS
• 2026-04-24 Price Changed $124,000 IRMLS
• 2026-04-24 Price Changed $124,000 IRMLS
• 2026-04-21 Relisted — IRMLS
• 2026-04-21 Relisted — IRMLS
• 2026-04-08 Pending — IRMLS
• 2026-04-08 Pending — IRMLS
• 2026-04-06 Price Changed $125,000 IRMLS
• 2026-04-06 Price Changed $125,000 IRMLS
• 2026-03-23 Price Changed $125,500 IRMLS
• 2026-03-23 Price Changed $125,500 IRMLS
• 2026-03-02 Price Changed $126,000 IRMLS
• 2026-03-02 Price Changed $126,000 IRMLS
• 2026-01-12 Price Changed $126,500 IRMLS
• 2026-01-12 Price Changed $126,500 IRMLS
• 2025-11-21 Price Changed $128,000 IRMLS
• 2025-11-21 Price Changed $128,000 IRMLS
• 2025-11-13 Price Changed $130,000 IRMLS
• 2025-11-13 Price Changed $130,000 IRMLS
• 2025-11-09 Price Changed $134,000 IRMLS
• 2025-11-03 Price Changed $135,000 IRMLS
• 2025-10-11 Listed $139,900 IRMLS
• 2025-10-11 Listed $134,000 IRMLS

Property tax history

+19.9%/yr

Latest (2024): $462 · -63.1% YoY. Source: county tax records.