1607 S Renwick BlvdBloomingtonIN47401
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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
Rental property for sale in Bloomington at 1607 S Renwick Blvd, Bloomington, IN, 47401 priced at $506,900 converts $3,040/mo rent into after a $2,481/mo obligation. Total monthly income equals $3,040/mo. Return on cash invested prints 19.48% in year one, and rental yield reads 7.2% against a $506,900 entry. Equity gained on principal adds $3,271/yr, while 5% annual appreciation compiles into $140,047 by year five. Five-year ROI reaches 100.48% and total cumulative return in cash sums $167,570. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,040/mo property income covering a $2,481/mo payment, not borrower’s personal income.
Single Family
Built in 2007
4,356 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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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A