4711 W Cedar Crest Cir · Fort Wayne, IN 46809

$150,000

2 bd · 1.0 ba · 768 sqft · SingleFamily public records · 3 Days on market

Built 1954 8,712 sqft lot Est $141k · 6% over

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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 +15.5/30.0
• DSCR +4.8/10.0
• ARV discount +4.7/15.0
• Livability +4.2/5.0
• 1% rule +3.0/10.0
• 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

Newly Renovated & Move-in Ready! Discover your perfect new home or investment opportunity in this highly sought-after neighborhood! This charming 2-bedroom, 1-bath ranch offers modern updates and thoughtful renovations throughout. Key features include: Updated Mechanicals, HVAC and windows upgraded within the last 10 years for energy efficiency and comfort. Brand new roof, detached garage, spacious fenced yard. Don’t miss this rare opportunity to own a beautifully updated home with all the modern conveniences. Schedule your viewing today!

Key facts

• Aboite township
• Fenced yard
• Move in ready

Tags

• MOVE IN READY
• ELECTRICAL PANEL
• VINYL PLANK FLOORING
• FENCED YARD
• DETACHED GARAGE
• ABOITE TOWNSHIP

Property features AI

Exterior

• Parking: Detached off-street garage with 1 garage space
• Utilities: Public water; Public sewer
• Home design: Single-family residence (site-built); One story; Entry level information not specified; Facing direction not specified
• Construction: Vinyl siding and wood siding; Slab foundation; Built as site-built home (year built not specified)
• Exterior features: Porch; Chain link fencing; Level lot

Interior

• Kitchen: Dishwasher; Refrigerator; Electric oven
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Central air; Ceiling fan(s); Natural gas forced air heating
• Interior features: Ceiling fan(s); One fireplace (no specific features listed)
• Laundry & utility: Washer; Dryer; Electric dryer hookup on main level; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $61 ($737/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 $120k (19.8% below list).
• Recommended offer: $120k (19.8% 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: Indian Village Elementary School (math 27% / reading 22%, grade F, #762 of 994 statewide, top 78%, 372 students, 74% 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 76% FRL vs 60% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 36 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $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 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $120,345 (19.8% below list)

Questions for the listing agent

1. Built in 1954 — 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: 0.80% ✗
• Cap rate: 6.78%
• Cash-on-cash: 1.75%
• DSCR: 1.08
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $141,312
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3429 S Cedar Crest Cir	0.06mi	2/1.0	768 (0%)	11mo	$150,000	$195	88
4618 W Cedar Crest Cir	0.06mi	2/1.0	768 (0%)	19mo	$141,000	$184	81
4604 W Cedar Crest Cir	0.08mi	2/1.0	768 (0%)	22mo	$140,000	$182	78
4711 W Cedar Crest Cir	0.00mi	2/1.0	825 (+7%)	20mo	$135,000	$164	71
4640 Kekionga Dr	0.27mi	3/1.0 (+1)	864 (+12%)	6mo	$150,000	$174	57
2517 Genesee Ave	0.59mi	2/1.0	720 (-6%)	13mo	$135,000	$188	51

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: -13.6%
• Equity multiple: 0.51×
• Total profit: $-20,468
• Equity at exit: $22,365

10-year hold

• IRR: -4.8%
• Equity multiple: 0.69×
• Total profit: $-13,081
• Equity at exit: $12,969

Cash invested: $42,000 (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 46809

• Active inventory: 36
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,203 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$40 /mo · $482/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $61

Break-even live

Break-even rent $1,126

Max offer price $150,000

Occupancy floor 90%

Sensitivity live

Price	-10% $146	-5% $104	+0% $61	+5% $19	+10% $-24
Rent	-10% $-34	-5% $14	+0% $61	+5% $109	+10% $156
Rate	-1.0pp $137	-0.5pp $100	base $61	+0.5pp $23	+1.0pp $-17

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4737 Pinecrest Dr Fort Wayne, IN	3.0	1.0	768	$1,195	$1.56	15d	1	0.10mi
3047 Boardwalk Cir Fort Wayne, IN	1.0–3.0	1.0–2.0	893	$1,188	$1.33	15d	2	1.01mi

Listing history 3 events

1. 2026-06-07
   statusdays on market $150,000 Pending 3 DOM
2. 2026-06-03
   remarks 577-char remark
3. 2026-06-03
   listed $150,000 Active 1 DOM

ⓘ 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: $482 · $40/mo
• Projected year-2 tax: $879 · $73/mo
• Expected delta: +$396/yr (+$33/mo · 82.1%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,441
• − Mortgage interest: −$8,402
• − Property taxes: −$482
• − Insurance: −$750
• − Repairs & maintenance: −$1,155
• − Management: −$1,155
• − Depreciation: −$4,364
• Taxable loss: −$1,868
• Est. tax savings @ 24.0%: +$448
• After-tax cash flow: $1,185/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): 8,589
• Household income: $52,253
• Rent vs Own: 37.6% rent · 62.4% own
• Severe rent burden: 367.0

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: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 17% Two or more races 8% Black 6%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Italian 2% Romanian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, Jamaica, Philippines
• Languages at home: 89% English-only · Spanish 10% French/Haitian/Cajun 1% Other Asian/Pacific 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: ▼ -201.22%
• Current HPI: 273.9779
• 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

+36.4% since first listed

9 events — show timeline

• 2026-06-02 Listed $150,000 IRMLS
• 2024-11-09 Rental Removed $850 CONNECTLINX
• 2024-10-24 Listed for Rent $850 CONNECTLINX
• 2024-10-18 Sold (MLS) $135,000 IRMLS
• 2024-10-07 Pending — IRMLS
• 2024-09-30 Price Changed $139,900 IRMLS
• 2024-09-24 Listed $145,000 IRMLS
• 2024-08-24 Price Changed $105,000 IRMLS
• 2024-08-09 Listed $110,000 IRMLS

Property tax history

+4.9%/yr

Latest (2024): $482 · +5.6% YoY. Source: county tax records.