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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Portage at 2900 Elmwood St, Portage, IN, 46368 priced at $230,000 converts $2,742/mo rent into $1,344/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,742/mo, and annual cash flow totals $16,133/yr on $76,245 invested. Return on cash invested prints 41.07% in year one, and rental yield reads 14.31% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 216.2% and total cumulative return in cash sums $164,839. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,742/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46368, Portage, IN area.
| 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 |
Residential
16,473
Single Family
13,813
Multi-Family
2,660
Businesses
1,039
Date | Event | Price |
|---|---|---|
| 2024-11-08 | Sold | $230,000 |
| 2024-10-08 | Price change | $219,000 |
| 2024-10-04 | Listed for sale | $224,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $2109.32 | 13.65% | $199,400 | -5.18% |
| 2023-10-30 | $1856.00 | 19.63% | $210,300 | 13.06% |
| 2022-10-30 | $1551.40 | 14.31% | $186,000 | 13.69% |
Listed by: Maria Vega • RE/MAX Realty Associates
Mls Name: NIRA
Mls Provider:
Mls ID: #811101
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 23:37:58 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)
