2974 Glenwood StPortageIN46368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2974 Glenwood St, Portage, IN, 46368 earns $1,097/mo cash flow from $2,657/mo rent with a $1,272/mo payment. Total monthly income totals $2,657/mo, and annual cash flow totals $13,163/yr on $86,157 capital. ROI tracks 35.19% on current figures, and rental yield reads 12.27% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 184.52% and total cumulative return in cash sums $158,974. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,657/mo property income instead of your personal income.
Single Family
Built in 1976
9,169 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices