603 W Oakland AveBloomingtonIL61701
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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 603 W Oakland Ave, Bloomington, IL, 61701 offers $1,468/mo rent that, after a $622/mo payment, leaves $587/mo cash flow. Total monthly income is $1,468/mo, and annual cash flow is $7,040/yr on $42,101 cash. Return on cash invested measures 36.63% in year one, and rental yield stands at 13.87% at a $127,000 entry. Equity gained on principal adds $820/yr while 5% annual appreciation compounds into $35,088 by year five. Five-year ROI records 193.56% and total cumulative return in cash reaches $81,489. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,468/mo property income versus a $622/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
5,662 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: Magen Lane • KELLER WILLIAMS-TREC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12453581