506 E Chestnut 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 506 E Chestnut St, Bloomington, IL, 61701 earns $654/mo cash flow from $1,867/mo rent with a $856/mo payment. Total monthly income totals $1,867/mo, and annual cash flow totals $7,847/yr on $57,979 capital. ROI tracks 33.44% on current figures, and rental yield reads 12.81% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 176.38% and total cumulative return in cash sums $102,264. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,867/mo property income instead of your personal income.
Multi Family
Built in 1915
7,840 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: Erin Burns • Keller Williams Revolution
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12513210