633 S Washington StBloomfieldIN47424
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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 Bloomfield at 633 S Washington St, Bloomfield, IN, 47424 offers $870/mo rent that, after a $1,698/mo payment. Total monthly income is $870/mo. Return on cash invested measures 7.26% in year one, and rental yield stands at 3.01% at a $346,900 entry. Equity gained on principal adds $2,238/yr while 5% annual appreciation compounds into $95,842 by year five. Five-year ROI records 34.76% and total cumulative return in cash reaches $39,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $870/mo property income versus a $1,698/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
2.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47424, Bloomfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,166 (100%) |
| Owner Occupied HU | 3,022 (72.5%) |
| Renter Occupied HU | 683 (16.4%) |
| Vacant Housing Units | 461 (11.1%) |
| Median Home Value | $195,513 |
| Average Home Value | $228,684 |
Housing Distribution
Address Breakdown
Residential
4,170
Single Family
4,007
Multi-Family
163
Businesses
299
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Listed by: Audra O'Neill • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202601240