2602 S Addisyn LnBloomingtonIN47403
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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
Investment property for sale in Bloomington at 2602 S Addisyn Ln, Bloomington, IN, 47403 earns $182/mo cash flow from $2,002/mo rent with a $1,361/mo payment. Total monthly income totals $2,002/mo, and annual cash flow totals $2,188/yr on $92,157 capital. ROI tracks 22.28% on current figures, and rental yield reads 8.64% at a $278,000 purchase. Equity gained on principal adds $1,794/yr, and 5% annual appreciation supports $76,806 over five years. Five-year ROI reaches 116.08% and total cumulative return in cash sums $106,973. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,002/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$405 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47403, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,220 (100%) |
| Owner Occupied HU | 8,232 (50.8%) |
| Renter Occupied HU | 6,740 (41.6%) |
| Vacant Housing Units | 1,248 ( 7.7%) |
| Median Home Value | $274,404 |
| Average Home Value | $300,479 |
Housing Distribution
Address Breakdown
Residential
15,959
Single Family
14,167
Multi-Family
1,792
Businesses
591
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Listed by: Pilar Taylor • The Indiana Team LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202538589
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.