409 N Gridley St APT A, Bloomington, IL, 61701 | $364/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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409 N Gridley St APT A, Bloomington, IL, 61701 | $364/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Bloomington at 409 N Gridley St APT A, Bloomington, IL, 61701 priced at $150,000 converts $1,404/mo rent into $364/mo cash flow after a $734/mo obligation. Total monthly income equals $1,404/mo, and annual cash flow totals $4,365/yr on $49,725 invested. Return on cash invested prints 28.69% in year one, and rental yield reads 11.23% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 150.91% and total cumulative return in cash sums $75,042. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,404/mo property income covering a $734/mo payment, not borrower’s personal income.

Condo

Built in 1999

N/A lot

$N/A/sqft

No HOA

More details about the property

Looking for low-maintenance living with a downtown vibe? This bright and airy condo is the one. With sunshine pouring through the windows, this space feels fresh from the moment you walk in. Beautiful LVP flooring flows throughout, giving it a sleek, updated look that's as stylish as it is durable. The HVAC and water heater are both newer, and the smart thermostat makes keeping things cozy a breeze. Step out onto your freshly painted deck-leading to a community courtyard. This home even has a bonus room off the garage-ideal for a home office, workout space, or your next creative project. Add in tons of storage and a dedicated laundry space, and you've got the perfect blend of convenience and cool. And location? You're just steps from downtown Bloomington's best-think local coffee shops, tasty eats, shopping, live music, and weekend markets. Whether you're a first-time buyer, frequent traveler, or just looking to downsize without compromising lifestyle-this condo checks all the boxes. Come see it for yourself!

Neighborhood Data

Neighborhood data shown for ZIP Code: 61701, Bloomington, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,083 (100%)
Owner Occupied HU	8,783 (48.6%)
Renter Occupied HU	7,539 (41.7%)
Vacant Housing Units	1,761 ( 9.7%)
Median Home Value	$155,866
Average Home Value	$191,606