115 E Kirkwood Ave UNIT 205BloomingtonIN47408
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 115 E Kirkwood Ave UNIT 205, Bloomington, IN, 47408 in Bloomington fits: $1,808,345, 3.7% gross yield, and a projected 5% annual appreciation rate adding $499,612 in value within five years. Rental yield 3.7%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.69) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $16,655/yr in principal paydown and $499,612 in appreciation project a total return of $344,153.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 6.1% |
| Monthly Cash Flow | $(5,285) | $420 |
City averages based on Bloomington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,570 |
| Total Monthly Debt Service | $10,136 |
| DSCR Ratio | 0.55x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kerry Feigenbaum • FC Tucker/Bloomington REALTORS
Mls Name: IRMLS
Mls ID: #202541669