2606 E 2nd St APT DBloomingtonIN47401
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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 2606 E 2nd St APT D, Bloomington, IN, 47401 offers a 9.22% rental yield on a $259,900 purchase with $1,997/mo rent. Total monthly income registers $1,997/mo, and a $1,272/mo payment leaves $437/mo available for distribution. Annual cash flow reaches $5,243/yr on $86,157 to close, and return on cash invested stands at 25.99% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 135.23% and total cumulative return in cash at $116,506. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,997/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Cathy Arnett • Stafford Real Estate
Mls Name: IRMLS
Mls ID: #202535838