5058 E State Road 58BloomfieldIN47424
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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 Bloomfield at 5058 E State Road 58, Bloomfield, IN, 47424 generates $1,753/mo in rent and, after a $929/mo payment, leaves $614/mo in cash flow. Total monthly income is $1,753/mo, and annual cash flow is $7,362/yr on $62,952 invested. Return on cash invested sits at 31.6% in year one, and rental yield is 11.08% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 165.35% and total cumulative return in cash sums $104,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,753/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
1.42 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,170
Single Family
4,007
Multi-Family
163
Businesses
299
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Listed by: Linda Dzierba • Dzierba Real Estate Services
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535871
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.