4251 S Leonard Springs RdBloomingtonIN47403
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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 4251 S Leonard Springs Rd, Bloomington, IN, 47403 priced at $1,200,000 converts $4,330/mo rent into after a $5,873/mo obligation. Total monthly income equals $4,330/mo. Return on cash invested prints 11.5% in year one, and rental yield reads 4.33% against a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation compiles into $331,538 by year five. Five-year ROI reaches 57.41% and total cumulative return in cash sums $223,211. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,330/mo property income covering a $5,873/mo payment, not borrower’s personal income.
Single Family
Built in 2021
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47403, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,220 (100%) |
| Owner Occupied HU | 8,232 (50.8%) |
| Renter Occupied HU | 6,740 (41.6%) |
| Vacant Housing Units | 1,248 ( 7.7%) |
| Median Home Value | $274,404 |
| Average Home Value | $300,479 |
Housing Distribution
Address Breakdown
Residential
15,959
Single Family
14,167
Multi-Family
1,792
Businesses
591
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Listed by: Sally Baird • Sterling Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508043
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.