3113 Oakwood 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 3113 Oakwood St, Portage, IN, 46368 uses $66,283 cash to close to unlock $7,981/yr annual cash flow and $665/mo monthly cash flow. Total monthly income runs $1,906/mo, and a $979/mo payment keeps the spread at $665/mo. Purchase price stands at $199,950, and rental yield measures 11.44% with $1,906/mo rent. Return on cash invested shows 31.95% in year one, and 5% annual appreciation builds toward $55,243 over five years. Five-year ROI reaches 167.51% and total cumulative return in cash records $111,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,906/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.40 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adrien Chabot • Listing Leaders Prestige LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #823642
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.