112 Pilgrim DrPortlandIN47371
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Portland at 112 Pilgrim Dr, Portland, IN, 47371 priced at $229,900 converts $1,596/mo rent into $216/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,596/mo, and annual cash flow totals $2,594/yr on $76,212 invested. Return on cash invested prints 23.31% in year one, and rental yield reads 8.33% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 120.91% and total cumulative return in cash sums $92,147. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,596/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Condo
Built in 2000
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47371, Portland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,287 (100%) |
| Owner Occupied HU | 3,461 (65.5%) |
| Renter Occupied HU | 1,302 (24.6%) |
| Vacant Housing Units | 524 ( 9.9%) |
| Median Home Value | $140,267 |
| Average Home Value | $207,376 |
Housing Distribution
Address Breakdown
Residential
5,051
Single Family
4,986
Multi-Family
65
Businesses
459
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