617 N Portland StRidgevilleIN47380
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ridgeville at 617 N Portland St, Ridgeville, IN, 47380 earns $217/mo cash flow from $906/mo rent with a $562/mo payment. Total monthly income totals $906/mo, and annual cash flow totals $2,600/yr on $38,089 capital. ROI tracks 26.73% on current figures, and rental yield reads 9.46% at a $114,900 purchase. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 over five years. Five-year ROI reaches 139.26% and total cumulative return in cash sums $53,042. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $906/mo property income instead of your personal income.
Single Family
Built in 1952
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47380, Ridgeville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 616 (72.9%) |
| Renter Occupied HU | 134 (15.9%) |
| Vacant Housing Units | 95 (11.2%) |
| Median Home Value | $121,023 |
| Average Home Value | $181,416 |
Housing Distribution
Address Breakdown
Residential
812
Single Family
812
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Tooley • Tarter Realty, Auction & Appraisals Co
Mls Name: RLMS
Mls Provider:
Mls ID: #10050753
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.