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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% |
Investment property for sale in Portland at 407 W 12th St, Portland, IN, 47371 offers a 8.35% rental yield on a $169,900 purchase with $1,182/mo rent. Total monthly income registers $1,182/mo, and a $832/mo payment leaves $162/mo available for distribution. Annual cash flow reaches $1,940/yr on $56,322 to close, and return on cash invested stands at 23.35% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 121.09% and total cumulative return in cash at $68,198. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,182/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.46 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 |
|---|---|---|
| 2025-04-17 | Listed for sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $50.00 | 2.00% | $88,700 | 1.60% |
| 2023-04-21 | $49.02 | 2.00% | $87,300 | 2.22% |
| 2022-04-21 | $48.06 | 1.99% | $85,400 | 18.78% |
Listed by: Matt Glentzer • Re/Max Evolve
Mls Name: RLMS
Mls Provider:
Mls ID: #10050802
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.
