138 N Harrison StBloomfieldIN47424
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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 Bloomfield at 138 N Harrison St, Bloomfield, IN, 47424 uses $43,095 cash to close to unlock $5,423/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $1,232/mo, and a $636/mo payment keeps the spread at $452/mo. Purchase price stands at $130,000, and rental yield measures 11.37% with $1,232/mo rent. Return on cash invested shows 32.49% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 170.09% and total cumulative return in cash records $73,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,232/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,170
Single Family
4,007
Multi-Family
163
Businesses
299
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Listed by: Risa Dyar • Risa Dyar Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521025
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.