240 N Cleveland StBloomfieldIN47424
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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
Rental property for sale in Bloomfield at 240 N Cleveland St, Bloomfield, IN, 47424 priced at $155,000 converts $1,296/mo rent into $365/mo cash flow after a $759/mo obligation. Total monthly income equals $1,296/mo, and annual cash flow totals $4,383/yr on $51,383 invested. Return on cash invested prints 28.44% in year one, and rental yield reads 10.03% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 148.4% and total cumulative return in cash sums $76,252. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,296/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.38 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,170
Single Family
4,007
Multi-Family
163
Businesses
299
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Listed by: Molly Shanks • Sycamore Real Estate Group
Mls Name: IRMLS
Mls ID: #202600248