2823 Eleanor 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 2823 Eleanor St, Portage, IN, 46368 uses $58,013 cash to close to unlock $3,840/yr annual cash flow and $320/mo monthly cash flow. Total monthly income runs $1,371/mo, and a $857/mo payment keeps the spread at $320/mo. Purchase price stands at $175,000, and rental yield measures 9.4% with $1,371/mo rent. Return on cash invested shows 26.53% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 138.19% and total cumulative return in cash records $80,167. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,371/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1959
10,018 sqft 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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