608 E Race StPortlandIN47371
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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 Portland at 608 E Race St, Portland, IN, 47371 listed at $165,000 pairs $1,296/mo rent with a $808/mo payment to leave $305/mo cash flow. Total monthly income runs $1,296/mo, and annual cash flow reaches $3,661/yr on $54,698 cash to close. Return on cash invested measures 26.6% in year one, and rental yield registers 9.43% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 138.56% and total cumulative return in cash totals $75,791. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,296/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47371, Portland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,287 (100%) |
| Owner Occupied HU | 3,461 (65.5%) |
| Renter Occupied HU | 1,302 (24.6%) |
| Vacant Housing Units | 524 ( 9.9%) |
| Median Home Value | $140,267 |
| Average Home Value | $207,376 |
Housing Distribution
Address Breakdown
Residential
5,051
Single Family
4,986
Multi-Family
65
Businesses
459
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