2681 Hickory StPortageIN46368
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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 2681 Hickory St, Portage, IN, 46368 with 5% annual appreciation on a $235,000 basis while $1,818/mo rent supports operations. Total monthly income totals $1,818/mo and a $1,150/mo payment preserves $408/mo for cash returns. Annual cash flow comes to $4,890/yr on $77,903 deployed, and return on cash invested reaches 26.19% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,926 alongside rental yield of 9.28%. Five-year ROI measures 136.28% and total cumulative return in cash totals $106,168.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,818/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.46 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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Listed by: Nicole Pleasant • Listing Leaders
Mls Name: NIRA
Mls Provider:
Mls ID: #820534
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