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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 1939 S Nan Del Ln, Portland, IN, 47371 offers $1,759/mo rent that, after a $1,101/mo payment, leaves $409/mo cash flow. Total monthly income is $1,759/mo, and annual cash flow is $4,903/yr on $74,588 cash. Return on cash invested measures 26.48% in year one, and rental yield stands at 9.38% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 137.86% and total cumulative return in cash reaches $102,825. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,759/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.42 Acres 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 |
|---|---|---|
| 2025-03-28 | Listed for sale | $225,000 |
| 2015-03-02 | Sold | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $710.00 | -2.12% | $148,500 | N/A |
| 2023-04-01 | $725.40 | 1.17% | $148,500 | 1.50% |
| 2022-04-01 | $717.00 | 7.82% | $146,300 | 10.75% |
Listed by: Jerod Clark • Century 21 Advance
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510360
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.
