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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Portland at 114 N Hickory Ct, Portland, IN, 47371 priced at $159,900 converts $1,445/mo rent into $485/mo cash flow after a $783/mo obligation. Total monthly income equals $1,445/mo, and annual cash flow totals $5,817/yr on $53,007 invested. Return on cash invested prints 30.88% in year one, and rental yield reads 10.84% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 161.47% and total cumulative return in cash sums $85,590. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,445/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1974
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47371, Portland, IN area.
| 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 |
Residential
5,051
Single Family
4,986
Multi-Family
65
Businesses
459
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Listed for sale | $159,900 |
| 2011-04-27 | Sold | $32,600 |
| 2011-03-02 | Listed for sale | $34,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $630.82 | 2.91% | $101,700 | 5.83% |
| 2023-05-27 | $612.98 | 6.79% | $96,100 | 4.57% |
| 2022-05-27 | $574.02 | 54.69% | $91,900 | 10.99% |
Listed by: Laci Smitley • Smitley's Real Estate & Auctioneering
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519328
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
