2516 E Washington St APT FBloomingtonIL61704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2516 E Washington St APT F, Bloomington, IL, 61704 priced at $130,000 converts $1,008/mo rent into after a $636/mo obligation. Total monthly income equals $1,008/mo. Return on cash invested prints 16.62% in year one, and rental yield reads 9.3% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 88.61% and total cumulative return in cash sums $38,187. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,008/mo property income covering a $636/mo payment, not borrower’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$160 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61704, Bloomington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,592 (100%) |
| Owner Occupied HU | 10,756 (64.8%) |
| Renter Occupied HU | 4,798 (28.9%) |
| Vacant Housing Units | 1,038 ( 6.3%) |
| Median Home Value | $250,044 |
| Average Home Value | $280,100 |
Housing Distribution
Address Breakdown
Residential
16,334
Single Family
14,445
Multi-Family
1,889
Businesses
1,058
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Seth A Goodman • ME Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035250
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.