1337-1339 S Hickory Grove Ln, Bloomington, IN, 47403 | $875/mo Cash Flow

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1337-1339 S Hickory Grove Ln, Bloomington, IN, 47403 | $875/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bloomington at 1337-1339 S Hickory Grove Ln, Bloomington, IN, 47403 offers a 10.49% rental yield on a $319,900 purchase with $2,796/mo rent. Total monthly income registers $2,796/mo, and a $1,566/mo payment leaves $875/mo available for distribution. Annual cash flow reaches $10,505/yr on $106,047 to close, and return on cash invested stands at 29.82% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 155.73% and total cumulative return in cash at $165,152. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,796/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1991

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Turn-key duplex with excellent rental potential. Each unit offers three bedrooms, two full baths, and a rare primary ensuite. Unit 1337 has been recently updated and is ready to lease at $1,750/month. Unit 1339 has had the same tenants for 11 years and is significantly under market at $1,000/month, with a market rate closer to $1,500 once the current lease is up (July 2026). A brand-new air conditioner will be installed in Unit 1339 the week of 8/18. Tenants pay all utilities except trash, keeping expenses low. Located in a quiet neighborhood with easy access to westside amenities and I-69, this well-maintained property provides strong current income with clear value-add potential through rent increases. This property is also ideal for house-hacking (live in one side, rent the other).

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