115 E Kirkwood Ave UNIT 206BloomingtonIN47408
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.8% gross rental yield, 115 E Kirkwood Ave UNIT 206, Bloomington, IN, 47408 in Bloomington is priced for capital growth, not immediate cash flow. The $1,194,373 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $329,983 by year five, with $11,000/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.89) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $298,277.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 6.1% |
| Monthly Cash Flow | $(2,388) | $420 |
City averages based on Bloomington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,782 |
| Total Monthly Debt Service | $6,694 |
| DSCR Ratio | 0.71x |
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.
Condo
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
Condo
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: #202541668