418 E 17th St #1ec08bc2bBloomingtonIN47408
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 418 E 17th St #1ec08bc2b, Bloomington, IN, 47408 in Bloomington at $1,890,000, 0.63% gross yield, is a market-growth asset. Rental yield 0.63%. The $990/mo rent partially funds the $8,960/mo debt service; the core return is the 5%/yr price growth projected to add $522,172 over five years. Ziffy Mortgage's DSCR mortgage (0.11) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $13,217.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.6% | 6.1% |
| Monthly Cash Flow | $(10,355) | $420 |
City averages based on Bloomington market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $990 |
| Total Monthly Debt Service | $11,054 |
| DSCR Ratio | 0.09x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1967
0.31 Acres lot
$N/A/sqft
No HOA
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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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Listed by: N/A • N/A
Mls Name: IRMLS
Mls Provider:
Mls ID: #202637181
