422 E Water St #A-BPortlandIN47371
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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 Portland at 422 E Water St #A-B, Portland, IN, 47371 uses $38,089 cash to close to unlock $4,820/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $1,091/mo, and a $562/mo payment keeps the spread at $402/mo. Purchase price stands at $114,900, and rental yield measures 11.39% with $1,091/mo rent. Return on cash invested shows 32.56% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 170.51% and total cumulative return in cash records $64,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,091/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in 1895
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47371, Portland, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,051
Single Family
4,986
Multi-Family
65
Businesses
459
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