1948 S Nan Del LnPortlandIN47371
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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
Investment property for sale in Portland at 1948 S Nan Del Ln, Portland, IN, 47371 at $178,000 posts ROI 32.47% with $618/mo cash flow from $1,686/mo rent. Total monthly income equals $1,686/mo, and annual cash flow records $7,413/yr on $59,007 to close. Return on cash invested measures 32.47% and rental yield reads 11.37% at the current $178,000. Equity gained on principal adds $1,149/yr, and 5% annual appreciation supports $49,178 by year five. Five-year ROI prints 169.97% and total cumulative return in cash totals $100,297.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,686/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1978
0.50 Acres 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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Listed by: Vanessa Lauritsen • Hoosier Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511739
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.