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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Bloomington at 1540 S Arbor Ridge Ct, Bloomington, IN, 47403 priced at $275,000 converts $2,167/mo rent into $217/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,167/mo, and annual cash flow totals $2,606/yr on $91,163 invested. Return on cash invested prints 22.77% in year one, and rental yield reads 9.46% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 119.4% and total cumulative return in cash sums $108,851. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,167/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Condo
Built in 2007
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47403, Bloomington, IN area.
| 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 |
Residential
15,959
Single Family
14,167
Multi-Family
1,792
Businesses
591
Date | Event | Price |
|---|---|---|
| 2024-10-22 | Sold | $275,000 |
| 2024-10-01 | Listed for sale | $275,000 |
| 2018-10-26 | Sold | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $5872.18 | 12.02% | $277,300 | -0.07% |
| 2023-10-22 | $5241.96 | 11.80% | $277,500 | 7.18% |
| 2022-10-22 | $4688.68 | 4.68% | $258,900 | 14.46% |
Listed by: Brian Thompson • FC Tucker/Bloomington REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437893
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.
