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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 404 W Race St, Portland, IN, 47371 priced at $129,900 pairs $1,026/mo rent with $246/mo cash flow after a $636/mo payment. Total monthly income equals $1,026/mo, and annual cash flow comes to $2,952/yr on $43,062 invested. Return on cash invested is 26.76% in year one, and rental yield stands at 9.48% on a $129,900 basis. Equity gained on principal adds $838/yr, and 5% annual appreciation accumulates to $35,889 by year five. Five-year ROI measures 139.49% and total cumulative return in cash reaches $60,067. For financing, Ziffy Mortgage’s DSCR program evaluates $1,026/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.49 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 |
|---|---|---|
| 2025-04-29 | Listed for sale | $129,900 |
| 2020-06-22 | Sold | $105,000 |
| 2020-05-30 | Listed for sale | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $919.48 | 5.46% | $123,600 | 4.13% |
| 2023-04-30 | $871.84 | -3.99% | $118,700 | 1.54% |
| 2022-04-30 | $908.06 | -1.89% | $116,900 | 6.37% |
Listed by: Jerod Clark • Century 21 Advance
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515007
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.
