318 & 332 W Spring StBloomfieldIN47424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bloomfield at 318 & 332 W Spring St, Bloomfield, IN, 47424 listed at $150,000 pairs $1,421/mo rent with a $734/mo payment to leave $521/mo cash flow. Total monthly income runs $1,421/mo, and annual cash flow reaches $6,249/yr on $49,725 cash to close. Return on cash invested measures 32.48% in year one, and rental yield registers 11.37% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 170% and total cumulative return in cash totals $84,534. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,421/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47424, Bloomfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,166 (100%) |
| Owner Occupied HU | 3,022 (72.5%) |
| Renter Occupied HU | 683 (16.4%) |
| Vacant Housing Units | 461 (11.1%) |
| Median Home Value | $195,513 |
| Average Home Value | $228,684 |
Housing Distribution
Address Breakdown
Residential
4,170
Single Family
4,007
Multi-Family
163
Businesses
299
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Caleb Emrick • Mossy Oak Properties Indiana Land and Lifestyle
Mls Name: REALSTACK
Mls ID: #93419