5869 S Handy RdBloomingtonIN47401
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 5869 S Handy Rd, Bloomington, IN, 47401 in Bloomington deserves attention. This $193,100 property earns $2,275/mo in rent, a 14.14% gross yield, and nets $1,116/mo after the $868/mo payment. DSCR 2.62 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $53,350 compounds alongside $1,778/yr in yearly equity build, for a total cumulative return of $144,889.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.1% | 6.1% |
| Monthly Cash Flow | $1,116 | $420 |
City averages based on Bloomington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,275 |
| Total Monthly Debt Service | $1,082 |
| DSCR Ratio | 2.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1946
1 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1946
1 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A