1307 Longford LnBloomingtonIL61704
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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 1307 Longford Ln, Bloomington, IL, 61704 generates $2,885/mo in rent and, after a $1,957/mo payment, leaves $112/mo in cash flow. Total monthly income is $2,885/mo, and annual cash flow is $1,338/yr on $132,567 invested. Return on cash invested sits at 20.92% in year one, and rental yield is 8.66% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 109.25% and total cumulative return in cash sums $144,824. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,885/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
10,430 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61704, Bloomington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,592 (100%) |
| Owner Occupied HU | 10,756 (64.8%) |
| Renter Occupied HU | 4,798 (28.9%) |
| Vacant Housing Units | 1,038 ( 6.3%) |
| Median Home Value | $250,044 |
| Average Home Value | $280,100 |
Housing Distribution
Address Breakdown
Residential
16,334
Single Family
14,445
Multi-Family
1,889
Businesses
1,058
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Listed by: Sreenivas Poondru • Brilliant Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12531908