2868 E Old Meyers RdBloomingtonIN47408
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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
Rental property for sale in Bloomington at 2868 E Old Meyers Rd, Bloomington, IN, 47408 generates $1,709/mo in rent and, after a $1,383/mo payment, leaves $13/mo in cash flow. Total monthly income is $1,709/mo, and annual cash flow is $155/yr on $93,649 invested. Return on cash invested sits at 20.07% in year one, and rental yield is 7.26% on a $282,500 entry. Equity gained on principal adds $1,823/yr, while 5% annual appreciation builds toward $78,050 over five years. Five-year ROI reaches 103.49% and total cumulative return in cash sums $96,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,709/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
0.93 Acres lot
$N/A/sqft
No HOA
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Listed by: Chris Clark • Century 21 Scheetz - Bloomington
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437523
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.