510 E Graham PlBloomingtonIN47401
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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 510 E Graham Pl, Bloomington, IN, 47401 priced at $164,900 converts $1,272/mo rent into $282/mo cash flow after a $807/mo obligation. Total monthly income equals $1,272/mo, and annual cash flow totals $3,387/yr on $54,664 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 9.26% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 135.91% and total cumulative return in cash sums $74,296. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,272/mo property income covering a $807/mo payment, not borrower’s personal income.
Condo
Built in 1983
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47401, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,651 (100%) |
| Owner Occupied HU | 10,173 (49.3%) |
| Renter Occupied HU | 8,522 (41.3%) |
| Vacant Housing Units | 1,956 ( 9.5%) |
| Median Home Value | $366,019 |
| Average Home Value | $425,030 |
Housing Distribution
Address Breakdown
Residential
20,256
Single Family
16,493
Multi-Family
3,763
Businesses
911
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Listed by: Penny Scroggins • Bear Real Estate Sales, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22050643