1024 N State Road 157, Bloomfield, IN, 47424 | $245/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1024 N State Road 157, Bloomfield, IN, 47424 | $245/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bloomfield at 1024 N State Road 157, Bloomfield, IN, 47424 earns $245/mo cash flow from $1,625/mo rent with a $1,125/mo payment. Total monthly income totals $1,625/mo, and annual cash flow totals $2,942/yr on $76,212 capital. ROI tracks 23.77% on current figures, and rental yield reads 8.48% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 123.37% and total cumulative return in cash sums $94,019. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,625/mo property income instead of your personal income.

Single Family

Built in 1955

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Dreaming of a cottage style home that sits on top of a hill and overlooks the tree tops? Look no further! This 3BR, 2 BA home is nestled on 1 acre just north of downtown Bloomfield. Well maintained this home has withheld its charmed, but has seen major updates like a new furnace in 2021, new roof in 2022, and new central air unit in 2023. In recent years, the home has also received a new screened in back porch, vinyl windows, and an updated bathroom on the main level. The home has the comfort of two fireplaces (condition unknown but can see previous use). The fireplace add ambiance to the living room on the main level and family room in the basement. Home also includes a 1 car garage in the basement with a door opener.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47424, Bloomfield, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,166 (100%)
Owner Occupied HU	3,022 (72.5%)
Renter Occupied HU	683 (16.4%)
Vacant Housing Units	461 (11.1%)
Median Home Value	$195,513
Average Home Value	$228,684