1209 S Madison StBloomingtonIN47403
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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 1209 S Madison St, Bloomington, IN, 47403 uses $82,842 cash to close to unlock $2,052/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $1,671/mo, and a $1,223/mo payment keeps the spread at $171/mo. Purchase price stands at $249,900, and rental yield measures 8.02% with $1,671/mo rent. Return on cash invested shows 22.39% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 115.94% and total cumulative return in cash records $96,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,671/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1925
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47403, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,220 (100%) |
| Owner Occupied HU | 8,232 (50.8%) |
| Renter Occupied HU | 6,740 (41.6%) |
| Vacant Housing Units | 1,248 ( 7.7%) |
| Median Home Value | $274,404 |
| Average Home Value | $300,479 |
Housing Distribution
Address Breakdown
Residential
15,959
Single Family
14,167
Multi-Family
1,792
Businesses
591
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Listed by: Gigi Larmour-Goldin • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls ID: #202525621