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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 Portland at 403 W High St, Portland, IN, 47371 priced at $239,000 pairs $1,784/mo rent with $349/mo cash flow after a $1,170/mo payment. Total monthly income equals $1,784/mo, and annual cash flow comes to $4,189/yr on $79,229 invested. Return on cash invested is 25.2% in year one, and rental yield stands at 8.96% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 131% and total cumulative return in cash reaches $103,788. For financing, Ziffy Mortgage’s DSCR program evaluates $1,784/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1885
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47371, Portland, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,287 (100%) |
| Owner Occupied HU | 3,461 (65.5%) |
| Renter Occupied HU | 1,302 (24.6%) |
| Vacant Housing Units | 524 ( 9.9%) |
| Median Home Value | $140,267 |
| Average Home Value | $207,376 |
Residential
5,051
Single Family
4,986
Multi-Family
65
Businesses
459
Date | Event | Price |
|---|---|---|
| 2025-07-31 | Listed for sale | $239,000 |
| 2021-07-27 | Sold | $185,000 |
| 2021-06-22 | Pending sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-02 | $1366.88 | 2.11% | $203,000 | 4.48% |
| 2023-08-02 | $1338.60 | -11.42% | $194,300 | 1.73% |
| 2022-08-02 | $1511.12 | -20.23% | $191,000 | 4.14% |
What's Special
Storage,Walk-up
Listed by: Jack Houck • Jack Houck Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530167
Disclaimer: 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.
