501 Cheshire Dr #ABloomingtonIL61704
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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 501 Cheshire Dr #A, Bloomington, IL, 61704 priced at $236,000 pairs $1,708/mo rent with $71/mo cash flow after a $1,155/mo payment. Total monthly income equals $1,708/mo, and annual cash flow comes to $854/yr on $78,234 invested. Return on cash invested is 21% in year one, and rental yield stands at 8.68% on a $236,000 basis. Equity gained on principal adds $1,523/yr, and 5% annual appreciation accumulates to $65,202 by year five. Five-year ROI measures 109.74% and total cumulative return in cash reaches $85,854. For financing, Ziffy Mortgage’s DSCR program evaluates $1,708/mo property income against a $1,155/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61704, Bloomington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,592 (100%) |
| Owner Occupied HU | 10,756 (64.8%) |
| Renter Occupied HU | 4,798 (28.9%) |
| Vacant Housing Units | 1,038 ( 6.3%) |
| Median Home Value | $250,044 |
| Average Home Value | $280,100 |
Housing Distribution
Address Breakdown
Residential
16,334
Single Family
14,445
Multi-Family
1,889
Businesses
1,058
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Listed by: Mark Kudrys • Freedom Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12424005