2603 Wellington WayBloomingtonIL61704
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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 2603 Wellington Way, Bloomington, IL, 61704 uses $94,478 cash to close to unlock $4,909/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $2,386/mo, and a $1,395/mo payment keeps the spread at $409/mo. Purchase price stands at $285,000, and rental yield measures 10.05% with $2,386/mo rent. Return on cash invested shows 25.11% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 131.73% and total cumulative return in cash records $124,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,386/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.33 Acres lot
$N/A/sqft
No 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
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Listed by: Shannon Smith • RE/MAX Rising
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12518486