703 S Meridian 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 703 S Meridian St, Portland, IN, 47371 offers a 10.44% rental yield on a $142,000 purchase with $1,235/mo rent. Total monthly income registers $1,235/mo, and a $695/mo payment leaves $343/mo available for distribution. Annual cash flow reaches $4,119/yr on $47,073 to close, and return on cash invested stands at 28.66% in year one. Equity gained on principal adds $916/yr while 5% annual appreciation supports $39,232 over five years. Portfolio math shows five-year ROI at 149.95% and total cumulative return in cash at $70,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,235/mo property income against a $695/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1914
7,840 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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Listed by: Pete Shawver • Shawver Auctioneering & Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509664
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.