2001 Rainbow AveBloomingtonIL61704
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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 2001 Rainbow Ave, Bloomington, IL, 61704 at $212,500 posts ROI 27.43% with $442/mo cash flow from $1,920/mo rent. Total monthly income equals $1,920/mo, and annual cash flow records $5,299/yr on $70,444 to close. Return on cash invested measures 27.43% and rental yield reads 10.84% at the current $212,500. Equity gained on principal adds $1,371/yr, and 5% annual appreciation supports $58,710 by year five. Five-year ROI prints 144.21% and total cumulative return in cash totals $101,588.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,920/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
5,500 sqft lot
$N/A/sqft
$55 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61704, Bloomington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,592 (100%) |
| Owner Occupied HU | 10,756 (64.8%) |
| Renter Occupied HU | 4,798 (28.9%) |
| Vacant Housing Units | 1,038 ( 6.3%) |
| Median Home Value | $250,044 |
| Average Home Value | $280,100 |
Housing Distribution
Address Breakdown
Residential
16,334
Single Family
14,445
Multi-Family
1,889
Businesses
1,058
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Listed by: Bruce Thacker • Keller Williams Revolution
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12350315
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)