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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Portland at 715 S Bridge St, Portland, IN, 47371 offers $950/mo rent that, after a $612/mo payment, leaves $199/mo cash flow. Total monthly income is $950/mo, and annual cash flow is $2,394/yr on $41,438 cash. Return on cash invested measures 25.69% in year one, and rental yield stands at 9.12% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 133.63% and total cumulative return in cash reaches $55,373. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $950/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47371, Portland, IN area.
| 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 |
Residential
5,051
Single Family
4,986
Multi-Family
65
Businesses
459
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listed for sale | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $84.68 | 2.00% | $111,300 | 6.61% |
| 2023-04-02 | $83.02 | 1.99% | $104,400 | 5.24% |
| 2022-04-02 | $81.40 | 2.01% | $99,200 | 0.30% |
Listed by: Jerod Clark • Century 21 Advance
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510719
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.
