2604 E 2nd St #CBloomingtonIN47401
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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 2604 E 2nd St #C, Bloomington, IN, 47401 uses $86,190 cash to close to unlock $4,366/yr annual cash flow and $364/mo monthly cash flow. Total monthly income runs $1,925/mo, and a $1,273/mo payment keeps the spread at $364/mo. Purchase price stands at $260,000, and rental yield measures 8.88% with $1,925/mo rent. Return on cash invested shows 24.97% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 129.75% and total cumulative return in cash records $111,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,925/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47401, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,651 (100%) |
| Owner Occupied HU | 10,173 (49.3%) |
| Renter Occupied HU | 8,522 (41.3%) |
| Vacant Housing Units | 1,956 ( 9.5%) |
| Median Home Value | $366,019 |
| Average Home Value | $425,030 |
Housing Distribution
Address Breakdown
Residential
20,256
Single Family
16,493
Multi-Family
3,763
Businesses
911
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Listed by: Tya Hanna • Town Manor Real Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510042
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.