2400 Hamstrom RdPortageIN46368
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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 Portage at 2400 Hamstrom Rd, Portage, IN, 46368 earns $277/mo cash flow from $1,237/mo rent with a $783/mo payment. Total monthly income totals $1,237/mo, and annual cash flow totals $3,321/yr on $53,007 capital. ROI tracks 26.17% on current figures, and rental yield reads 9.28% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 136.18% and total cumulative return in cash sums $72,186. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,237/mo property income instead of your personal income.
Single Family
Built in 1943
0.51 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
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