2924 W Winterberry CtBloomingtonIN47404
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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 2924 W Winterberry Ct, Bloomington, IN, 47404 priced at $141,000 converts $1,963/mo rent into $1,007/mo cash flow after a $690/mo obligation. Total monthly income equals $1,963/mo, and annual cash flow totals $12,089/yr on $46,742 invested. Return on cash invested prints 45.77% in year one, and rental yield reads 16.71% against a $141,000 entry. Equity gained on principal adds $910/yr, while 5% annual appreciation compiles into $38,956 by year five. Five-year ROI reaches 242.38% and total cumulative return in cash sums $113,292. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,963/mo property income covering a $690/mo payment, not borrower’s personal income.
Condo
Built in 1973
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47404, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,508 (100%) |
| Owner Occupied HU | 5,797 (50.4%) |
| Renter Occupied HU | 4,856 (42.2%) |
| Vacant Housing Units | 855 ( 7.4%) |
| Median Home Value | $291,166 |
| Average Home Value | $319,856 |
Housing Distribution
Address Breakdown
Residential
12,027
Single Family
10,201
Multi-Family
1,826
Businesses
1,249
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Listed by: Jeff Brawley • Brawley Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435802
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.