430 W Spring St, Bloomfield, IN, 47424 | $333/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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430 W Spring St, Bloomfield, IN, 47424 | $333/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 Bloomfield at 430 W Spring St, Bloomfield, IN, 47424 offers $1,834/mo rent that, after a $1,224/mo payment, leaves $333/mo cash flow. Total monthly income is $1,834/mo, and annual cash flow is $3,995/yr on $82,875 cash. Return on cash invested measures 24.73% in year one, and rental yield stands at 8.8% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 128.45% and total cumulative return in cash reaches $106,450. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,834/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

This well-maintained Craftsman home blends timeless character with everyday comfort. Featuring 3 bedrooms, 1.5 bathrooms, and 1,450 sq ft on the main level, it showcases beautiful original woodwork that adds warmth and charm throughout. In the living room, a striking stone fireplace with gas logs creates a cozy focal point. The finished basement provides over 1,200 sq ft of additional living space along with a full bathroom, perfect for entertaining, a home office, or a recreation area. Enjoy relaxing mornings on the spacious front porch or evenings on the back porch overlooking the yard. There are two rooms in the basement that could be made into legal bedrooms with the addition of an egress window. With thoughtful updates and abundant space for both gathering and retreat, this home is as functional as it is inviting. If you love a home with personality, history, and modern comfort, this Craftsman is ready to welcome you home! Home is being sold as-is.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47424, Bloomfield, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,166 (100%)
Owner Occupied HU	3,022 (72.5%)
Renter Occupied HU	683 (16.4%)
Vacant Housing Units	461 (11.1%)
Median Home Value	$195,513
Average Home Value	$228,684