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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Bloomington at 6800 S Shields Ridge Rd, Bloomington, IN, 47401 generates $2,221/mo in rent, after a $2,056/mo payment. Total monthly income is $2,221/mo. Return on cash invested sits at 16.35% in year one, and rental yield is 6.35% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 83.89% and total cumulative return in cash sums $116,803. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,221/mo property income rather than buyer’s personal income.
Manufactured
Built in 2020
11.76 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47401, Bloomington, IN area.
| 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 |
Residential
20,256
Single Family
16,493
Multi-Family
3,763
Businesses
911
Date | Event | Price |
|---|---|---|
| 2025-02-14 | Sold | $420,000 |
| 2024-09-06 | Price change | $425,000 |
| 2024-07-19 | Price change | $449,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $4830.28 | 33.06% | $417,100 | -2.61% |
| 2023-10-22 | $3630.12 | 184.11% | $428,300 | 27.32% |
| 2022-10-22 | $1277.72 | 7.41% | $336,400 | 100.72% |
Listed by: Sherry Susnick • Millican Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202423035
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
