1305 E Matlock RdBloomingtonIN47408
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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
Rental property for sale in Bloomington at 1305 E Matlock Rd, Bloomington, IN, 47408 offers $3,053/mo rent that, after a $3,128/mo payment. Total monthly income is $3,053/mo. Return on cash invested measures 15.59% in year one, and rental yield stands at 5.73% at a $639,000 entry. Equity gained on principal adds $4,123/yr while 5% annual appreciation compounds into $176,544 by year five. Five-year ROI records 79.39% and total cumulative return in cash reaches $166,912. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,053/mo property income versus a $3,128/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
1.19 Acres lot
$N/A/sqft
No HOA
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Listed by: Jeff Franklin • FC Tucker/Bloomington REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514885
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.