207 E 16th StBloomingtonIN47408
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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 207 E 16th St, Bloomington, IN, 47408 uses $60,333 cash to close to unlock $7,392/yr annual cash flow and $616/mo monthly cash flow. Total monthly income runs $1,846/mo, and a $891/mo payment keeps the spread at $616/mo. Purchase price stands at $182,000, and rental yield measures 12.17% with $1,846/mo rent. Return on cash invested shows 32.16% in year one, and 5% annual appreciation builds toward $50,283 over five years. Five-year ROI reaches 169.37% and total cumulative return in cash records $102,189. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,846/mo property income covering a $891/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,926 sqft lot
$N/A/sqft
No HOA
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Listed by: Donald Griffin • Griffin Realty Holdings LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202409335
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