1074 N Oolitic DrBloomingtonIN47404
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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 1074 N Oolitic Dr, Bloomington, IN, 47404 generates $1,234/mo in rent and, after a $948/mo payment, leaves $57/mo in cash flow. Total monthly income is $1,234/mo, and annual cash flow is $683/yr on $64,212 invested. Return on cash invested sits at 20.97% in year one, and rental yield is 7.64% on a $193,700 entry. Equity gained on principal adds $1,250/yr, while 5% annual appreciation builds toward $53,516 over five years. Five-year ROI reaches 108.39% and total cumulative return in cash sums $69,598. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,234/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47404, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,508 (100%) |
| Owner Occupied HU | 5,797 (50.4%) |
| Renter Occupied HU | 4,856 (42.2%) |
| Vacant Housing Units | 855 ( 7.4%) |
| Median Home Value | $291,166 |
| Average Home Value | $319,856 |
Housing Distribution
Address Breakdown
Residential
12,027
Single Family
10,201
Multi-Family
1,826
Businesses
1,249
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