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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 816 W Main St, Portland, IN, 47371 priced at $114,900 pairs $888/mo rent with $199/mo cash flow after a $562/mo payment. Total monthly income equals $888/mo, and annual cash flow comes to $2,384/yr on $38,089 invested. Return on cash invested is 26.17% in year one, and rental yield stands at 9.27% on a $114,900 basis. Equity gained on principal adds $741/yr, and 5% annual appreciation accumulates to $31,745 by year five. Five-year ROI measures 136.2% and total cumulative return in cash reaches $51,878. For financing, Ziffy Mortgage’s DSCR program evaluates $888/mo property income against a $562/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
7,405 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 |
|---|---|---|
| 2025-05-13 | Listed for sale | $114,900 |
| 2025-04-23 | Listing removed | $104,995 |
| 2025-03-31 | Price change | $104,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-14 | $351.66 | 23.22% | $70,500 | 4.29% |
| 2023-05-14 | $285.40 | -7.05% | $67,600 | 1.50% |
| 2022-05-14 | $307.06 | 23.04% | $66,600 | 6.56% |
Listed by: Laci Smitley • Smitley's Real Estate & Auctioneering
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517485
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.
