1837 S Knightridge Rd, Bloomington, IN, 47401 | $97/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1837 S Knightridge Rd, Bloomington, IN, 47401 | $97/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bloomington at 1837 S Knightridge Rd, Bloomington, IN, 47401 uses $130,943 cash to close to unlock $1,167/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $2,468/mo, and a $1,933/mo payment keeps the spread at $97/mo. Purchase price stands at $395,000, and rental yield measures 7.5% with $2,468/mo rent. Return on cash invested shows 20.8% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 107.39% and total cumulative return in cash records $140,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,468/mo property income covering a $1,933/mo payment rather than investor’s personal income.

Single Family

Built in 1990

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

A light filled ranch on the east side has hit the market! Dont miss your opportunity to enjoy one level living at its best. This perfect size ranch, with thoughtful floor plan is so hard to find on the east side, that is not in a subdivision. The location is really unbeatable as it is just minutes to Lake Monroe, Target, College Mall, Indiana University and Bloomington Hospital. Lovely open floor plan that allows for so much flexibility with the use of the rooms. 3 bedrooms and 2 baths and a wonderful newly updated screened-in porch that makes the good weather seasons so enjoyable. The Sellers have made many thoughtful upgrades: New LVP flooring, New insulation Tyvec wrap and siding, new windows and doors, primary bath remodel with walk in shower, front and back porch updates (full list available online). The home is sitting on .46 acre lot, however, there is an additional back lot (parcel 53-08-12-400-040.000-008; .51 acre), that provides additional privacy and is being offered for sale separately at a discounted rate to the home buyer for $55,000. The back lot will not be sold before the house giving the buyer of the home first option. For additional information, It is listed for sale separately (MLS ) for $75,000 if it does not sell with the home. Sellers have received notice of a rezoning of the property across the street from them that currently is said to be a Nature Preserve Park. For more information contact the Monroe County Planning Department or review the links below to review information regarding REZ-25-6, the Monroe County Nature Preserve Park Rezone. The rezone will be heard first by the Plan Commission on November 20, 2025. However, the decision to approve or deny the rezone is up to the Monroe County Board of Commissioners. This final decision will happen at a public hearing of the Board of Commissioners typically 2-3 weeks after the Plan Commissions recommendation. Link to Rezone Case File: https://monroecountyin.portal.opengov.com/records/50424 Additional resources related to the Monroe County Nature Preserve that are available at this time: B Square Bulletin news article: https://bsquarebulletin.com/huntington-land-gift-named-monroe-county-nature-preserve-but-commissioners-leave-door-open-to-history-based-change/ Monroe County Board of Commissioners new release: https://bloomdocs.org/wp-content/uploads/simple-file-list/2025-07-24-Huntington-Monroe-County-Nature-Preserve-News-Release-002.pdf

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