501 El Portal DrMichiana ShoresIN46360
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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 Michiana Shores at 501 El Portal Dr, Michiana Shores, IN, 46360 with 5% annual appreciation on a $1,479,000 basis while $5,826/mo rent supports operations. 58% in year one. Equity gained on principal adds $9,544/yr, and five-year appreciation sums $408,620 alongside rental yield of 4.73%. Five-year ROI measures 63.22% and total cumulative return in cash totals $302,958. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,826/mo property income versus a $7,239/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Marissa Stapleton • Coldwell Banker Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #827855
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