5462 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
Investment property for sale in Portage at 5462 Tulip Ave, Portage, IN, 46368 earns $624/mo cash flow from $2,185/mo rent with a $1,273/mo payment. Total monthly income totals $2,185/mo, and annual cash flow totals $7,486/yr on $86,190 capital. ROI tracks 28.59% on current figures, and rental yield reads 10.08% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 149.17% and total cumulative return in cash sums $128,573. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,185/mo property income instead of your personal income.
Single Family
Built in 1962
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: Kamila Hendzel • Coldwell Banker Real Estate Gr
Mls Name: NIRA
Mls Provider:
Mls ID: #823302
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