424 E Cottage Grove AveBloomingtonIN47408
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 424 E Cottage Grove Ave, Bloomington, IN, 47408 in Bloomington is straightforward: $718,000 in, $4,858/mo in rent, $548/mo out after debt service. The 8.12% gross yield and 1.50 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $198,370 by year five. With $6,613/yr in principal equity, the total cumulative return is projected at $306,944.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.1% |
| Monthly Cash Flow | $548 | $420 |
City averages based on Bloomington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,858 |
| Total Monthly Debt Service | $4,024 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1899
3,049 sqft lot
$N/A/sqft
No HOA
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
Multi Family
Built in 1899
3,049 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Brawley • Brawley Real Estate
Mls Name: IRMLS
Mls ID: #202538690