1230 S Iron Mountain Rd, Bloomfield, IN, 47424 | 6.42% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1230 S Iron Mountain Rd, Bloomfield, IN, 47424 | 6.42% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
2520 sft

1732 S 275 W, Bloomfield, IN, 47424

3 Bed
2 Bath
1491 sft

4 Orchard Road, Loogootee, IN, 47553

3 Bed
2 Bath
2608 sft

7739 N 1000 E, Montgomery, IN, 47558

3 Bed
2 Bath
1560 sft

309 S Spring St, Odon, IN, 47562

Nearby investment properties with comparable prices

3 Bed
2 Bath
1773 sft

12771 E 950th Rd N, Odon, IN, 47562

4 Bed
4 Bath
3435 sft

2783 W 275th Rd S, Bloomfield, IN, 47424

3 Bed
3 Bath
3328 sft

1032 E Harvest Church Rd, Bloomfield, IN, 47424

2 Bed
2 Bath
2250 sft

5475 County Road 1600 W, Sandborn, IN, 47578

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Bloomfield at 1230 S Iron Mountain Rd, Bloomfield, IN, 47424 generates $2,136/mo in rent, after a $1,953/mo payment. Total monthly income is $2,136/mo. Return on cash invested sits at 17.56% in year one, and rental yield is 6.42% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 89.98% and total cumulative return in cash sums $119,018. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,136/mo property income rather than buyer’s personal income.

Single Family

Built in 2013

11.39 Acres lot

$N/A/sqft

No HOA

More details about the property

Take a look at this secluded 3 bedroom, 2 bath home with a 2-car garage situated on almost 12 acres with a stock pond loaded with catfish, bluegill and bass. Once inside you will notice the open concept living with 9 ft ceilings and custom trim throughout. The eat in kitchen has plenty of custom-made cabinets for storage, granite counter tops, a pantry and stainless-steel appliances that were all replaced a year ago. All 3 bedrooms are large in size all with walk in closets. The primary bedroom has an ensuite with custom-made cabinets and double sink vanity, plus access to the screened in porch. Home features geothermal heat with electric back up as well as radiant floor heat with separate zones for each room, natural gas is available. Home and garage have been recently painted. Enjoy your morning coffee sitting in your screened in porch located off of the main bedroom and your evenings sitting on your covered front porch watching the deer on the back porch around the firepit. With almost 12 acres there is plenty of room for a large garden or a mini farm the possibilities are endless. Only 8 minutes to I69

Neighborhood Data

Neighborhood data shown for ZIP Code: 47424, Bloomfield, IN area.

Housing Distribution

Housing Statistics

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