234 E High St, Portland, IN, 47371 | $756/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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234 E High St, Portland, IN, 47371 | $756/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Portland at 234 E High St, Portland, IN, 47371 uses $67,924 cash to close to unlock $9,071/yr annual cash flow and $756/mo monthly cash flow. Total monthly income runs $1,986/mo, and a $1,003/mo payment keeps the spread at $756/mo. Purchase price stands at $204,900, and rental yield measures 11.63% with $1,986/mo rent. Return on cash invested shows 33.26% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 174.21% and total cumulative return in cash records $118,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,986/mo property income covering a $1,003/mo payment rather than investor’s personal income.

Single Family

Built in 1928

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Here is your chance at your dream home! Located in a vibrant neighborhood just moments away from downtown, this captivating brick house combines timeless charm with modern conveniences. The home has the original tile roof and striking brick facade; this home stands out from the crowd. This beautiful brick home offers 4 bedrooms and 2.5 baths. The kitchen offers a nice layout to enjoy as you enjoy baking and cooking. The cozy living room, featuring a beautiful fireplace that invites you to unwind after a long day. Step outside to discover a delightful screened-in side porch, perfect for morning coffee or evening relaxation. The property includes a two-car attached garage with a new roof and vented soffit, offering the chance to have extra storage and have your vehicles inside. With unique character and prime location, this charming brick home is a rare find in todays market.

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