1036 S Seminary StBloomfieldIN47424
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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 Bloomfield at 1036 S Seminary St, Bloomfield, IN, 47424 uses $44,753 cash to close to unlock $3,376/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,092/mo, and a $661/mo payment keeps the spread at $281/mo. Purchase price stands at $135,000, and rental yield measures 9.71% with $1,092/mo rent. Return on cash invested shows 27.45% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 143.14% and total cumulative return in cash records $64,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,092/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,098 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,170
Single Family
4,007
Multi-Family
163
Businesses
299
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Listed by: Mark Bush • Harrah Realty Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513019
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.