2508 N Stonelake DrBloomingtonIN47404
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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 Bloomington at 2508 N Stonelake Dr, Bloomington, IN, 47404 generates $3,452/mo in rent and, after a $1,992/mo payment, leaves $834/mo in cash flow. Total monthly income is $3,452/mo, and annual cash flow is $10,007/yr on $134,921 invested. Return on cash invested sits at 27.33% in year one, and rental yield is 10.18% on a $407,000 entry. Equity gained on principal adds $2,626/yr, while 5% annual appreciation builds toward $112,447 over five years. Five-year ROI reaches 142.92% and total cumulative return in cash sums $192,834. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,452/mo property income rather than buyer’s personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47404, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,508 (100%) |
| Owner Occupied HU | 5,797 (50.4%) |
| Renter Occupied HU | 4,856 (42.2%) |
| Vacant Housing Units | 855 ( 7.4%) |
| Median Home Value | $291,166 |
| Average Home Value | $319,856 |
Housing Distribution
Address Breakdown
Residential
12,027
Single Family
10,201
Multi-Family
1,826
Businesses
1,249
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Listed by: Bryan Paine • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520658
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.