104 Magoun StBloomingtonIL61701
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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
Rental property for sale in Bloomington at 104 Magoun St, Bloomington, IL, 61701 offers $1,813/mo rent that, after a $817/mo payment, leaves $655/mo cash flow. Total monthly income is $1,813/mo, and annual cash flow is $7,860/yr on $55,361 cash. Return on cash invested measures 34.11% in year one, and rental yield stands at 13.03% at a $167,000 entry. Equity gained on principal adds $1,078/yr while 5% annual appreciation compounds into $46,139 by year five. Five-year ROI records 180.03% and total cumulative return in cash reaches $99,663. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,813/mo property income versus a $817/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
6,942 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61701, Bloomington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,083 (100%) |
| Owner Occupied HU | 8,783 (48.6%) |
| Renter Occupied HU | 7,539 (41.7%) |
| Vacant Housing Units | 1,761 ( 9.7%) |
| Median Home Value | $155,866 |
| Average Home Value | $191,606 |
Housing Distribution
Address Breakdown
Residential
16,427
Single Family
13,206
Multi-Family
3,221
Businesses
1,378
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Listed by: Rhendy Bradshaw, SRS • RE/MAX Rising
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12533520