6670 S Old State Road 37, Bloomington, IN, 47401 | $427/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6670 S Old State Road 37, Bloomington, IN, 47401 | $427/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bloomington at 6670 S Old State Road 37, Bloomington, IN, 47401 offers a 8.55% rental yield on a $379,900 purchase with $2,707/mo rent. Total monthly income registers $2,707/mo, and a $1,859/mo payment leaves $427/mo available for distribution. Annual cash flow reaches $5,123/yr on $125,937 to close, and return on cash invested stands at 23.98% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 124.4% and total cumulative return in cash at $156,665. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,707/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1948

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

Whether you're looking for a new primary residence or a property with great rental potential 6670 S Old SR 37 has it all! Come see this fully renovated 2 story home and you'll find a beautiful 4 bedroom and 3 full bath living space with all new flooring, drywall, cabinetry, lighting, appliances, fixtures, and more! With an all new roof, windows, and exterior this house is truly like new! Hvac and water heater have also been replaced for complete comfort and peace of mind. The main level features an open kitchen and living space and a master bedroom with a luxurious double sized custom tile shower as well as a secondary bedroom, an additional full bath, and a spacious laundry room. The second story has two more bedrooms and the third full bath. The yard has been professionally landscaped with a new fence, sizable private back patio, and new retaining walls provide nice flat yard space above the patio. There is also a permanent easement for a shared driveway with the neighbors that already provides an established route to the back of the lot if you want to add a garage or outbuilding!

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