503 S Evans StBloomingtonIL61701
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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
Investment property for sale in Bloomington at 503 S Evans St, Bloomington, IL, 61701 uses $34,808 cash to close to unlock $6,427/yr annual cash flow and $536/mo monthly cash flow. Total monthly income runs $1,264/mo, and a $514/mo payment keeps the spread at $536/mo. Purchase price stands at $105,000, and rental yield measures 14.45% with $1,264/mo rent. Return on cash invested shows 38.37% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 202.86% and total cumulative return in cash records $70,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,264/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1920
2,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61701, Bloomington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,083 (100%) |
| Owner Occupied HU | 8,783 (48.6%) |
| Renter Occupied HU | 7,539 (41.7%) |
| Vacant Housing Units | 1,761 ( 9.7%) |
| Median Home Value | $155,866 |
| Average Home Value | $191,606 |
Housing Distribution
Address Breakdown
Residential
16,427
Single Family
13,206
Multi-Family
3,221
Businesses
1,378
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Listed by: Becky Gerig, ABR,CRS • RE/MAX Choice
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12488673