682 E Heather DrBloomingtonIN47401
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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 682 E Heather Dr, Bloomington, IN, 47401 priced at $295,100 converts $2,189/mo rent into $418/mo cash flow after a $1,444/mo obligation. Total monthly income equals $2,189/mo, and annual cash flow totals $5,015/yr on $97,826 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 8.9% against a $295,100 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,531 by year five. Five-year ROI reaches 130.09% and total cumulative return in cash sums $127,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,189/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Condo
Built in 1985
3,484 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,256
Single Family
16,493
Multi-Family
3,763
Businesses
911
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