113 N Hickory Ct, Portland, IN, 47371 | $234/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

113 N Hickory Ct, Portland, IN, 47371 | $234/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1800 sft

1125 E Washington St, Muncie, IN, 47305

4 Bed
1 Bath
1496 sft

128 N Fulton St, Parker City, IN, 47368

2 Bed
2 Bath
2231 sft

825 N County Road 800 Rd E, Parker City, IN, 47368

3 Bed
2 Bath
1694 sft

1025 E Washington St, Muncie, IN, 47305

Nearby investment properties with comparable prices

3 Bed
2 Bath
1980 sft

403 S Main St, Farmland, IN, 47340

3 Bed
1 Bath
1680 sft

205 N 1st St, Parker City, IN, 47368

Currently Rented+ 2 more

4 Bed
3 Bath
1348 sft

1110 W North St, Muncie, IN, 47303

3 Bed
2 Bath
1825 sft

936 W Vine St, Albany, IN, 47320

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Portland at 113 N Hickory Ct, Portland, IN, 47371 listed at $179,900 pairs $1,314/mo rent with a $881/mo payment to leave $234/mo cash flow. Total monthly income runs $1,314/mo, and annual cash flow reaches $2,803/yr on $59,637 cash to close. Return on cash invested measures 24.61% in year one, and rental yield registers 8.76% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 127.85% and total cumulative return in cash totals $76,245. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,314/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1972

0.98 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for a large yard with the convenience of town? This home sits on just shy of a full acre, with a large fenced in back yard! Located at the end of a cul-de-sac, this home offers little traffic and a lot of privacy! Mature trees also provide plenty of shade for the property. Inside the home, you'll be greeted with a large living room with a nice electric fireplace. The kitchen features Cherry cabinets, and a cherry shelf and trim opening up into a second family room. This home has been completed remodeled over the past decade with the most recent addition being a new A/C unit in 2024. A nice added touch is the battery-operated pet door leading into the large back yard.

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