1523 1/2 S Olive StBloomingtonIN47401
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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 1523 1/2 S Olive St, Bloomington, IN, 47401 uses $73,759 cash to close to unlock $573/yr annual cash flow and $48/mo monthly cash flow. Total monthly income runs $1,571/mo, and a $1,089/mo payment keeps the spread at $48/mo. Purchase price stands at $222,500, and rental yield measures 8.47% with $1,571/mo rent. Return on cash invested shows 20.69% in year one, and 5% annual appreciation builds toward $61,473 over five years. Five-year ROI reaches 107.89% and total cumulative return in cash records $79,576. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,571/mo property income covering a $1,089/mo payment rather than investor’s personal income.
Single Family
Built in 2017
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47401, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,651 (100%) |
| Owner Occupied HU | 10,173 (49.3%) |
| Renter Occupied HU | 8,522 (41.3%) |
| Vacant Housing Units | 1,956 ( 9.5%) |
| Median Home Value | $366,019 |
| Average Home Value | $425,030 |
Housing Distribution
Address Breakdown
Residential
20,256
Single Family
16,493
Multi-Family
3,763
Businesses
911
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