4590 S Rockport 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 4590 S Rockport Rd, Bloomington, IN, 47403 priced at $240,000 converts $1,885/mo rent into $444/mo cash flow after a $1,175/mo obligation. Total monthly income equals $1,885/mo, and annual cash flow totals $5,328/yr on $79,560 invested. Return on cash invested prints 26.61% in year one, and rental yield reads 9.43% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 138.49% and total cumulative return in cash sums $110,186. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,885/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1960
4.50 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: Samantha Brummett • Millican Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437664
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.