1622 S Como Rd, Portland, IN, 47371 | 6.44% Rental Yield

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1622 S Como Rd, Portland, IN, 47371 | 6.44% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Portland at 1622 S Como Rd, Portland, IN, 47371 earns from $965/mo rent with a $881/mo payment. Total monthly income totals $965/mo. ROI tracks 17.59% on current figures, and rental yield reads 6.44% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 90.18% and total cumulative return in cash sums $53,781. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $965/mo property income instead of your personal income.

Single Family

Built in 1971

2 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for an affordable home in the country? You don't want to miss this nice 2 acre parcel on Como Road offering the privacy of the country while being just a few minutes from the convenience of town. Enjoy time on the front porch or in the large back yard, where the kids can play on the playset that will remain. Making your way inside the home, you will find a beautiful interior. Relax in the comfort of the large living room before making your way into the beautiful kitchen! The large laundry room has enough room to add a second bathroom if you so choose. There have been many updates over the past few years including cosmetic updates throughout the home, a well jet pump approximately 5 years ago, a new water softener approximately 3 years ago, as well as a very recent new line to the septic tank.

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