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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% |
Rental property for sale in Bloomfield at 118 W South St, Bloomfield, IN, 47424 generates $1,432/mo in rent and, after a $705/mo payment, leaves $567/mo in cash flow. Total monthly income is $1,432/mo, and annual cash flow is $6,809/yr on $47,736 invested. Return on cash invested sits at 34.17% in year one, and rental yield is 11.93% on a $144,000 entry. Equity gained on principal adds $929/yr, while 5% annual appreciation builds toward $39,785 over five years. Five-year ROI reaches 179.15% and total cumulative return in cash sums $85,518. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,432/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47424, Bloomfield, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,166 (100%) |
| Owner Occupied HU | 3,022 (72.5%) |
| Renter Occupied HU | 683 (16.4%) |
| Vacant Housing Units | 461 (11.1%) |
| Median Home Value | $195,513 |
| Average Home Value | $228,684 |
Residential
4,170
Single Family
4,007
Multi-Family
163
Businesses
299
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michelle Papp • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls ID: #202538184
