5834 Springfield 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 5834 Springfield Ave, Portage, IN, 46368 generates $2,234/mo in rent and, after a $1,125/mo payment, leaves $699/mo in cash flow. Total monthly income is $2,234/mo, and annual cash flow is $8,390/yr on $76,212 invested. Return on cash invested sits at 30.92% in year one, and rental yield is 11.66% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 162.57% and total cumulative return in cash sums $123,899. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,234/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
10,837 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: John Sandridge • Eagle Pro Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #819536
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