821 E Main St, Portland, IN, 47371 | $343/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

821 E Main St, Portland, IN, 47371 | $343/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1388 sft

28 Stonebridge Dr, Winchester, IN, 47394

4 Bed
1 Bath
1703 sft

4803 W 500 N, Winchester, IN, 47394

3 Bed
2 Bath
1380 sft

501 N County Road 800 E, Parker City, IN, 47368

2 Bed
2 Bath
1420 sft

18700 N State Route 167, Dunkirk, IN, 47336

Nearby investment properties with comparable prices

3 Bed
2 Bath
1815 sft

1947 N Tree St, Parker City, IN, 47368

3 Bed
1 Bath
2222 sft

1201 S County Road 625 E, Selma, IN, 47383

4 Bed
2 Bath
1430 sft

1415 E Locke Dr, Albany, IN, 47320

2 Bed
2 Bath
1880 sft

10262 W 100 S, Dunkirk, IN, 47336

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Portland at 821 E Main St, Portland, IN, 47371 priced at $209,900 converts $1,603/mo rent into $343/mo cash flow after a $1,027/mo obligation. Total monthly income equals $1,603/mo, and annual cash flow totals $4,120/yr on $69,582 invested. Return on cash invested prints 25.83% in year one, and rental yield reads 9.16% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 134.37% and total cumulative return in cash sums $93,500. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,603/mo property income covering a $1,027/mo payment, not borrower’s personal income.

Single Family

Built in 1930

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

The homeowners have made some major improvements during the time they have owned this home. The main level floor plan has been "opened up" to include a 23'x25' great room, a new kitchen that includes a large island that is also an eating area. The second level contains 3 bedrooms. The master bedroom is 20'x13' and it includes an ensuite with a dual vanity, walk in closet, and combo tub & shower. The exterior features a covered front porch, large open rear deck, play set, and a 1 car detached garage. This home has been taken care of and upgraded under the current home owner.

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