5231 Boulder 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
Investment property for sale in Portage at 5231 Boulder Ave, Portage, IN, 46368 offers a 10.28% rental yield on a $294,000 purchase with $2,518/mo rent. Total monthly income registers $2,518/mo, and a $1,439/mo payment leaves $740/mo available for distribution. Annual cash flow reaches $8,876/yr on $97,461 to close, and return on cash invested stands at 29.02% in year one. Equity gained on principal adds $1,897/yr while 5% annual appreciation supports $81,227 over five years. Portfolio math shows five-year ROI at 151.49% and total cumulative return in cash at $147,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,518/mo property income against a $1,439/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
9,583 sqft 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: Jose Elizondo • Key Realty Indiana, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #822069
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