6 Cove Pointe CtBloomingtonIL61704
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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 6 Cove Pointe Ct, Bloomington, IL, 61704 uses $115,031 cash to close to unlock $7,438/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $3,053/mo, and a $1,698/mo payment keeps the spread at $620/mo. Purchase price stands at $347,000, and rental yield measures 10.56% with $3,053/mo rent. Return on cash invested shows 26.38% in year one, and 5% annual appreciation builds toward $95,870 over five years. Five-year ROI reaches 138.59% and total cumulative return in cash records $159,416. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,053/mo property income covering a $1,698/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.31 Acres lot
$N/A/sqft
$320 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61704, Bloomington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,592 (100%) |
| Owner Occupied HU | 10,756 (64.8%) |
| Renter Occupied HU | 4,798 (28.9%) |
| Vacant Housing Units | 1,038 ( 6.3%) |
| Median Home Value | $250,044 |
| Average Home Value | $280,100 |
Housing Distribution
Address Breakdown
Residential
16,334
Single Family
14,445
Multi-Family
1,889
Businesses
1,058
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Listed by: Will Grimsley • RE/MAX Choice
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12377908
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)