6728 Joseph 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 6728 Joseph Ave, Portage, IN, 46368 offers $3,173/mo rent that, after a $1,688/mo payment, leaves $1,103/mo cash flow. Total monthly income is $3,173/mo, and annual cash flow is $13,233/yr on $114,334 cash. Return on cash invested measures 31.48% in year one, and rental yield stands at 11.04% at a $344,900 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,290 by year five. Five-year ROI records 164.66% and total cumulative return in cash reaches $188,265. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,173/mo property income versus a $1,688/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
8,712 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: Karen Maynard • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #822024
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.