123 E North StPortlandIN47371
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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 123 E North St, Portland, IN, 47371 generates $1,019/mo in rent and, after a $636/mo payment, leaves $239/mo in cash flow. Total monthly income is $1,019/mo, and annual cash flow is $2,868/yr on $43,062 invested. Return on cash invested sits at 26.57% in year one, and rental yield is 9.41% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 138.46% and total cumulative return in cash sums $59,623. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,019/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
3,920 sqft 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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