1849 E Waters Edge Dr #100BloomingtonIN47401
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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 1849 E Waters Edge Dr #100, Bloomington, IN, 47401 uses $53,703 cash to close to unlock $4,433/yr annual cash flow and $369/mo monthly cash flow. Total monthly income runs $1,342/mo, and a $793/mo payment keeps the spread at $369/mo. Purchase price stands at $162,000, and rental yield measures 9.94% with $1,342/mo rent. Return on cash invested shows 28.16% in year one, and 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 146.93% and total cumulative return in cash records $78,905. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,342/mo property income covering a $793/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A 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: Melissa Emily • FC Tucker/Bloomington REALTORS
Mls Name: IRMLS
Mls ID: #202539977