212 E Main StPortlandIN47371
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 212 E Main St, Portland, IN, 47371 listed at $169,900 pairs $1,042/mo rent with a $832/mo payment to leave $9/mo cash flow. Total monthly income runs $1,042/mo, and annual cash flow reaches $107/yr on $56,322 cash to close. Return on cash invested measures 20.1% in year one, and rental yield registers 7.36% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 103.7% and total cumulative return in cash totals $58,406. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,042/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
10,454 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-26 | Listed for sale | $169,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-29 | $1563.34 | 4.33% | $80,400 | 5.93% |
| 2023-04-29 | $1498.50 | -2.39% | $75,900 | 4.40% |
| 2022-04-29 | $1535.16 | 7.27% | $72,700 | -2.02% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1945
- Architectural Style: Traditional,Other
- Building Area: 3,148
- Living Area: 2,030 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air, Wall Furnace, Multiple Heating Systems
- Cooling: Central Air, Other, Ceiling Fan(s)
- Flooring: Hardwood, Carpet, Laminate, Vinyl
- Interior Features: Ceiling Fan(s), Laminate Counters, Eat-in Kitchen, Stand Up Shower, Tub/Shower Combination
- Exterior Features: N/A
- Parking Features: Gravel
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: East Jay
- Middle School: Jay County
- High School: Jay County
Listed by: Laci Smitley • Smitley's Real Estate & Auctioneering
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514757
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.