621 N Adams StBloomingtonIN47404
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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 621 N Adams St, Bloomington, IN, 47404 uses $51,383 cash to close to unlock $4,935/yr annual cash flow and $411/mo monthly cash flow. Total monthly income runs $1,342/mo, and a $759/mo payment keeps the spread at $411/mo. Purchase price stands at $155,000, and rental yield measures 10.39% with $1,342/mo rent. Return on cash invested shows 29.51% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 154.19% and total cumulative return in cash records $79,228. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,342/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47404, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,508 (100%) |
| Owner Occupied HU | 5,797 (50.4%) |
| Renter Occupied HU | 4,856 (42.2%) |
| Vacant Housing Units | 855 ( 7.4%) |
| Median Home Value | $291,166 |
| Average Home Value | $319,856 |
Housing Distribution
Address Breakdown
Residential
12,027
Single Family
10,201
Multi-Family
1,826
Businesses
1,249
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Listed by: Alex Gul • Alex Gul Real Estate
Mls Name: IRMLS
Mls ID: #202600130