1512 W Locust StBloomingtonIL61701
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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 Bloomington at 1512 W Locust St, Bloomington, IL, 61701 listed at $159,500 pairs $1,212/mo rent with a $781/mo payment to leave $105/mo cash flow. Total monthly income runs $1,212/mo, and annual cash flow reaches $1,264/yr on $52,874 cash to close. Return on cash invested measures 22.3% in year one, and rental yield registers 9.12% at a $159,500 basis. Equity gained on principal adds $1,029/yr, and annual property appreciation at 5% supports $44,067 by year five. Five-year ROI tracks 116.7% and total cumulative return in cash totals $61,705. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,212/mo property income relative to a $781/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,950 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61701, Bloomington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,083 (100%) |
| Owner Occupied HU | 8,783 (48.6%) |
| Renter Occupied HU | 7,539 (41.7%) |
| Vacant Housing Units | 1,761 ( 9.7%) |
| Median Home Value | $155,866 |
| Average Home Value | $191,606 |
Housing Distribution
Address Breakdown
Residential
16,427
Single Family
13,206
Multi-Family
3,221
Businesses
1,378
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Listed by: Danita Punke, GRI • RE/MAX Choice
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12457918