5291 Concord 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 5291 Concord Ave, Portage, IN, 46368 priced at $105,000 converts $2,023/mo rent into $1,263/mo cash flow after a $514/mo obligation. Total monthly income equals $2,023/mo, and annual cash flow totals $15,153/yr on $34,808 invested. Return on cash invested prints 63.44% in year one, and rental yield reads 23.12% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 337.69% and total cumulative return in cash sums $117,542. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,023/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.40 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: Joshua Vida • Paradigm Realty Solutions, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #541603
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 23:37:58 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)