1105 E Grove 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
Investment property for sale in Bloomington at 1105 E Grove St, Bloomington, IL, 61701 uses $74,588 cash to close to unlock $511/yr annual cash flow and $43/mo monthly cash flow. Total monthly income runs $1,603/mo, and a $1,101/mo payment keeps the spread at $43/mo. Purchase price stands at $225,000, and rental yield measures 8.55% with $1,603/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 107.5% and total cumulative return in cash records $80,181. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,603/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1925
0.43 Acres 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: Melanie Walker, CRS,GRI • Coldwell Banker Real Estate Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12464749