2168 Austin StPortageIN46368
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 Portage at 2168 Austin St, Portage, IN, 46368 uses $165,717 cash to close to unlock $27,863/yr annual cash flow and $2,322/mo monthly cash flow. Total monthly income runs $5,323/mo, and a $2,447/mo payment keeps the spread at $2,322/mo. Purchase price stands at $499,900, and rental yield measures 12.78% with $5,323/mo rent. Return on cash invested shows 36.72% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 192.75% and total cumulative return in cash records $319,416. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,323/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 2008
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46368, Portage, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,283 (100%) |
| Owner Occupied HU | 11,746 (68.0%) |
| Renter Occupied HU | 4,579 (26.5%) |
| Vacant Housing Units | 958 ( 5.5%) |
| Median Home Value | $249,146 |
| Average Home Value | $299,797 |
Housing Distribution
Address Breakdown
Residential
16,473
Single Family
13,813
Multi-Family
2,660
Businesses
1,039
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices