5151 Tulip AvePortageIN46368
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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
Rental property for sale in Portage at 5151 Tulip Ave, Portage, IN, 46368 offers $1,948/mo rent that, after a $1,209/mo payment, leaves $465/mo cash flow. Total monthly income is $1,948/mo, and annual cash flow is $5,583/yr on $81,881 cash. Return on cash invested measures 26.73% in year one, and rental yield stands at 9.46% at a $247,000 entry. Equity gained on principal adds $1,594/yr while 5% annual appreciation compounds into $68,242 by year five. Five-year ROI records 139.2% and total cumulative return in cash reaches $113,980. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,948/mo property income versus a $1,209/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46368, Portage, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,283 (100%) |
| Owner Occupied HU | 11,746 (68.0%) |
| Renter Occupied HU | 4,579 (26.5%) |
| Vacant Housing Units | 958 ( 5.5%) |
| Median Home Value | $249,146 |
| Average Home Value | $299,797 |
Housing Distribution
Address Breakdown
Residential
16,473
Single Family
13,813
Multi-Family
2,660
Businesses
1,039
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Listed by: Laura Getting • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #817924
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.