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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Bloomington at 1108 E Ridgemont Ct, Bloomington, IN, 47401 uses $130,943 cash to close to unlock $7,911/yr annual cash flow and $659/mo monthly cash flow. Total monthly income runs $3,030/mo, and a $1,933/mo payment keeps the spread at $659/mo. Purchase price stands at $395,000, and rental yield measures 9.21% with $3,030/mo rent. Return on cash invested shows 25.95% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 135.01% and total cumulative return in cash records $176,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,030/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 1989
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47401, Bloomington, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,651 (100%) |
| Owner Occupied HU | 10,173 (49.3%) |
| Renter Occupied HU | 8,522 (41.3%) |
| Vacant Housing Units | 1,956 ( 9.5%) |
| Median Home Value | $366,019 |
| Average Home Value | $425,030 |
Residential
20,256
Single Family
16,493
Multi-Family
3,763
Businesses
911
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $395,000 |
| 2018-05-18 | Sold | $247,000 |
| 2007-10-31 | Sold | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-16 | $2915.72 | 8.78% | $286,900 | 0.95% |
| 2023-03-16 | $2680.32 | 7.86% | $284,200 | 9.43% |
| 2022-03-16 | $2485.00 | 5.15% | $259,700 | 8.21% |
Listed by: Lorraine Fowler • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508169
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.
