215 W Main St, Bloomfield, IN, 47424 | 3.5% Rental Yield

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215 W Main St, Bloomfield, IN, 47424 | 3.5% Rental Yield | Ziffy

For Sale

Rental Income

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

Rental property for sale in Bloomfield at 215 W Main St, Bloomfield, IN, 47424 priced at $298,500 pairs $870/mo rent with after a $1,461/mo payment. Total monthly income equals $870/mo. Return on cash invested is 8.73% in year one, and rental yield stands at 3.5% on a $298,500 basis. Equity gained on principal adds $1,926/yr, and 5% annual appreciation accumulates to $82,470 by year five. Five-year ROI measures 42.68% and total cumulative return in cash reaches $42,237. For financing, Ziffy Mortgage’s DSCR program evaluates $870/mo property income against a $1,461/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1900

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into timeless elegance with this beautifully maintained brick home nestled right in the heart of Bloomfield, Indiana. From the moment you arrive, you'll be captivated by the character, charm, and thoughtful updates this property offers. Enjoy your morning coffee or unwind at sunset from not one, but two enclosed glass porches the perfect spaces to soak in the seasons year-round. Inside, you'll find crown molding throughout, original wood doors, and gleaming new windows that fill each room with natural light. The centerpiece of the home is a gorgeous brick fireplace that brings warmth and charm to the living area and is fully functional for cozy nights in. The laundry chute adds a touch of vintage fun and convenience a delightful nod to the home's character. Need extra space? The detached garage features an upper-level area that's ideal for storage or could easily be transformed into a studio, guest suite, or home office. Downstairs, the full basement offers a second kitchen, shower, and laundry area perfect for multi-generational living, entertaining, or potential rental income. With 2002 square feet of living area on an 8800 square foot lot, this residence provides ample space to enjoy life's simple pleasures. This charming property, built in 1900, offers a wonderful opportunity to create lasting memories. This home has been lovingly maintained and is move-in ready for its next owner. Don't miss your chance to own a piece of Bloomfield charm with modern comforts and historic appeal. Schedule your showing today - this one won't last!

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