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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Bloomington at 3840 S Laurel Ct, Bloomington, IN, 47401 priced at $155,000 converts $1,440/mo rent into $91/mo cash flow after a $759/mo obligation. Total monthly income equals $1,440/mo, and annual cash flow totals $1,093/yr on $51,383 invested. Return on cash invested prints 22.04% in year one, and rental yield reads 11.15% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 117.64% and total cumulative return in cash sums $60,448. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $759/mo payment, not borrower’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$355 monthly HOA
Neighborhood data shown for ZIP Code: 47401, Bloomington, IN area.
| 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 |
Residential
20,256
Single Family
16,493
Multi-Family
3,763
Businesses
911
Date | Event | Price |
|---|---|---|
| 2025-08-19 | Listed for sale | $155,000 |
| 2025-08-14 | Listing removed | $165,000 |
| 2025-08-05 | Price change | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-20 | $2044.20 | 7.39% | $215,300 | 0.80% |
| 2023-08-20 | $1903.52 | 19.54% | $213,600 | 9.99% |
| 2022-08-20 | $1592.40 | 31.09% | $194,200 | 16.29% |
Listed by: Amanda Richardson • FC Tucker/Bloomington REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533047
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.
