3220 N Smith PikeBloomingtonIN47404
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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 3220 N Smith Pike, Bloomington, IN, 47404 generates $1,823/mo in rent and, after a $1,052/mo payment, leaves $533/mo in cash flow. Total monthly income is $1,823/mo, and annual cash flow is $6,393/yr on $71,273 invested. Return on cash invested sits at 28.88% in year one, and rental yield is 10.17% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 150.71% and total cumulative return in cash sums $107,413. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,823/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
10,454 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: Beth Robinson • RE/MAX Realty Professionals
Mls Name: IRMLS
Mls ID: #202533333