336 E Paulding Rd · Fort Wayne, IN 46816

$108,000

3 bd · 1.0 ba · 912 sqft · SingleFamily public records · 26 Days on market

Built 1965 10,454 sqft lot Est $150k · 28% under

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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 +22.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +5.7/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

THIS HOME HAS LOTS OF POTENTIAL. IT HAS 3 BEDROOMS, 1 BATH AND TOTAL ELECTRIC.

Key facts

• 0.24 acre lot
• Built 1965
• Listed 26 days

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electric service
• Home design: Single-family residence; Site-built home; One story
• Construction: Aluminum, vinyl, and wood siding; Slab foundation; Built as site-built construction
• Exterior features: Level lot; Lot dimensions approximately 76 x 141

Interior

• Kitchen: Includes refrigerator and electric range
• Bedrooms: Total of 5 rooms (bedrooms not individually specified)
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Electric heating; No cooling
• Interior features: Refrigerator; Electric range; Electric water heater
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $108k.

Deal economics

• At list price, monthly cash flow is $188 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $108k).
• Recommended offer: $106k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.4% 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: 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 23d 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 31% 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 $747 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.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 9y 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.

Recommended offer $106,380 (1.5% below list)

Questions for the listing agent

1. Built in 1965 — 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: 1.07% ✓
• Cap rate: 8.38%
• Cash-on-cash: 7.44%
• DSCR: 1.33
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $150,480
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6031 S Calhoun St	0.22mi	3/1.0	925 (+1%)	0mo	$164,000	$177	87
6034 Southcrest Rd	0.22mi	3/1.0	888 (-3%)	4mo	$155,000	$175	82
125 E Crown Ln	0.28mi	3/1.0	900 (-1%)	6mo	$130,000	$144	80
225 Dunbar Ln	0.43mi	3/1.0	925 (+1%)	3mo	$153,000	$165	75
5232 Webster St	0.42mi	3/1.0	900 (-1%)	5mo	$144,900	$161	74
5409 Webster St	0.36mi	2/1.0 (-1)	947 (+4%)	2mo	$90,000	$95	70
6420 Downingtown Dr	0.51mi	3/1.0	962 (+6%)	5mo	$100,000	$104	63
411 W Paulding Rd	0.40mi	2/1.0 (-1)	784 (-14%)	3mo	$140,000	$179	50
4844 South Harrison St	0.58mi	3/1.0	792 (-13%)	2mo	$135,000	$170	49
4642 Warsaw St	0.72mi	3/1.0	1,000 (+10%)	2mo	$142,000	$142	48
123 Edgeknoll Ln	0.54mi	3/2.0	1,008 (+10%)	6mo	$180,000	$179	48
4915 Gaywood Dr	0.75mi	3/1.0	1,025 (+12%)	2mo	$140,000	$137	43

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: -4.9%
• Equity multiple: 0.82×
• Total profit: $-5,551
• Equity at exit: $16,103

10-year hold

• IRR: 4.8%
• Equity multiple: 1.35×
• Total profit: $10,570
• Equity at exit: $9,338

Cash invested: $30,240 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,159 high
• Mortgage (P&I): −$566
• Tax from tax record: −$117 /mo · $1,401/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $188

Break-even live

Break-even rent $922

Max offer price $108,000

Occupancy floor 79%

Sensitivity live

Price	-10% $249	-5% $218	+0% $188	+5% $157	+10% $126
Rent	-10% $96	-5% $142	+0% $188	+5% $233	+10% $279
Rate	-1.0pp $242	-0.5pp $215	base $188	+0.5pp $160	+1.0pp $131

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: $27,000
• Closing costs: $3,240
• 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	22d	1	0.22mi
308 Pursley Dr Fort Wayne, IN	3.0	1.0	850	$1,100	$1.29	45d	1	0.36mi
405 Pursley Dr Fort Wayne, IN	2.0	1.0	720	$850	$1.18	45d	1	0.48mi
5009 Hoagland Ave Fort Wayne, IN	2.0	1.0	1000	$1,300	$1.30	45d	1	0.61mi
6440 Fairfield Ave Fort Wayne, IN	1.0–2.0	1.0–1.5	928	$1,344	$1.45	15d	10	0.61mi
1004 Fayette Dr Fort Wayne, IN	1.0–2.0	1.0	679	$1,199	$1.76	15d	18	0.62mi
4655 Avondale Dr Fort Wayne, IN	2.0	1.0	768	$875	$1.14	45d	1	0.72mi
220 E Hoover Dr Fort Wayne, IN	2.0–3.0	1.5	1150	$1,259	$1.09	15d	5	0.74mi
4522 Spatz Ave Fort Wayne, IN	2.0	1.0	840	$950	$1.13	45d	1	0.97mi
4331 Lafayette St Fort Wayne, IN	2.0	1.0	810	$925	$1.14	15d	1	0.98mi
4126 Lafayette St Fort Wayne, IN	2.0	1.0	775	$1,275	$1.65	45d	1	1.13mi
4121 Monroe St Fort Wayne, IN	2.0	1.0	725	$1,100	$1.52	15d	1	1.15mi
4018 S Clinton St Fort Wayne, IN	3.0	1.0	860	$1,000	$1.16	22d	1	1.22mi
4705 S Anthony Blvd Fort Wayne, IN	3.0	1.0	1110	$1,050	$0.95	15d	1	1.30mi
4129 Bowser Ave Fort Wayne, IN	3.0	1.5	850	$1,250	$1.47	22d	1	1.32mi
3801 Lafayette St Fort Wayne, IN	2.0	1.0	1116	$995	$0.89	15d	1	1.36mi
4014 Oliver St Fort Wayne, IN	3.0	1.0	936	$1,050	$1.12	15d	1	1.36mi
418 W Rudisill Blvd Unit 2 Fort Wayne, IN	2.0	1.0	768	$975	$1.27	22d	1	1.43mi

Listing history 25 events

1. 2026-06-22
   days on market $108,000 Active 26 DOM
2. 2026-06-18
   days on market $108,000 Active 23 DOM
3. 2026-06-17
   days on market $108,000 Active 22 DOM
4. 2026-06-16
   days on market $108,000 Active 21 DOM
5. 2026-06-15
   days on market $108,000 Active 20 DOM
6. 2026-06-14
   days on market $108,000 Active 18 DOM
7. 2026-06-10
   days on market $108,000 Active 15 DOM
8. 2026-06-09
   days on market $108,000 Active 14 DOM
9. 2026-06-08
   days on market $108,000 Active 13 DOM
10. 2026-06-07
    days on market $108,000 Active 12 DOM
11. 2026-06-03
    days on market $108,000 Active 8 DOM
12. 2026-06-02
    days on market $108,000 Active 7 DOM
13. 2026-06-01
    days on market $108,000 Active 6 DOM
14. 2026-05-31
    days on market $108,000 Active 5 DOM
15. 2026-05-30
    days on market $108,000 Active 4 DOM
16. 2026-05-27
    listed $108,000 Active
17. 2022-07-03
    listed $89,900 Active
18. 2022-05-05
    listed $89,900
19. 2021-06-13
    listed $59,900
20. 2021-05-07
    listed $59,900
21. 2021-03-08
    listed $59,900
22. 2021-02-26
    listed $59,900
23. 2020-09-24
    listed $59,900
24. 2019-05-09
    listed $39,900
25. 2017-05-30
    listed $41,900

ⓘ 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: $1,401 · $117/mo
• Projected year-2 tax: $1,401 · $117/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: $13,909
• − Mortgage interest: −$6,050
• − Property taxes: −$1,401
• − Insurance: −$540
• − Repairs & maintenance: −$1,113
• − Management: −$1,113
• − Depreciation: −$3,142
• Taxable income: $550
• Est. tax owed @ 24.0%: −$132
• After-tax cash flow: $2,118/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

+157.8% since first listed

10 events — show timeline

• 2026-05-27 Listed $108,000 IRMLS
• 2022-07-03 Listed $89,900 IRMLS
• 2022-05-05 Listed $89,900 IRMLS
• 2021-06-13 Listed $59,900 IRMLS
• 2021-05-07 Listed $59,900 IRMLS
• 2021-03-08 Listed $59,900 IRMLS
• 2021-02-26 Listed $59,900 IRMLS
• 2020-09-24 Listed $59,900 IRMLS
• 2019-05-09 Listed $39,900 IRMLS
• 2017-05-30 Listed $41,900 IRMLS

Property tax history

+4.4%/yr

Latest (2024): $1,401 · -19.9% YoY. Source: county tax records.