2142 W State Road 54, Bloomfield, IN, 47424 | 6.22% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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2142 W State Road 54, Bloomfield, IN, 47424 | 6.22% Rental Yield | 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 Bloomfield at 2142 W State Road 54, Bloomfield, IN, 47424 listed at $289,000 pairs $1,498/mo rent with a $1,415/mo payment. Total monthly income runs $1,498/mo. Return on cash invested measures 16.94% in year one, and rental yield registers 6.22% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 86.67% and total cumulative return in cash totals $83,030. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,498/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1978

1.18 Acres lot

$N/A/sqft

No HOA

More details about the property

Lovely brick home on just over 1 acre of land. This is a very well-maintained home. Enter into the living room and into the dining room. The kitchen has a breakfast bar with seating and is open to the family room. The family room also contains a half bath. There are sliding patio doors that lead to the large covered back deck. It contains a primary suite with a full bath with access via barn doors. and 2 additional bedrooms, one of which has dual closets and another full bath. Engineered hardwood floors run through the main living areas. There is an attached 2-car garage which also contains the laundry area. Just behind the house is a second 2-car garage with a concrete floor and electricity to provide plenty of storage. Another huge outbuilding sits further back on the edge of the property and could be used for storage of boats, RV, etc. This also has a concrete floor. Paved driveway for easy clearing in those winter months. Large backyard has space for everyone to play.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47424, Bloomfield, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,166 (100%)
Owner Occupied HU	3,022 (72.5%)
Renter Occupied HU	683 (16.4%)
Vacant Housing Units	461 (11.1%)
Median Home Value	$195,513
Average Home Value	$228,684