227 E Main StPortlandIN47371
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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 227 E Main St, Portland, IN, 47371 with 5% annual appreciation on a $107,000 basis while $825/mo rent supports operations. Total monthly income totals $825/mo and a $524/mo payment preserves $182/mo for cash returns. Annual cash flow comes to $2,189/yr on $35,471 deployed, and return on cash invested reaches 26.08% in year one. Equity gained on principal adds $690/yr, and five-year appreciation sums $29,562 alongside rental yield of 9.25%. Five-year ROI measures 135.81% and total cumulative return in cash totals $48,174.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $825/mo property income versus a $524/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
8,712 sqft 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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