690 S Fieldstone BlvdBloomingtonIN47403
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 690 S Fieldstone Blvd, Bloomington, IN, 47403 priced at $259,900 converts $1,721/mo rent into $161/mo cash flow after a $1,272/mo obligation. Total monthly income equals $1,721/mo, and annual cash flow totals $1,931/yr on $86,157 invested. Return on cash invested prints 22.15% in year one, and rental yield reads 7.95% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 114.61% and total cumulative return in cash sums $98,746. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,721/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Condo
Built in 2009
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47403, Bloomington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,220 (100%) |
| Owner Occupied HU | 8,232 (50.8%) |
| Renter Occupied HU | 6,740 (41.6%) |
| Vacant Housing Units | 1,248 ( 7.7%) |
| Median Home Value | $274,404 |
| Average Home Value | $300,479 |
Housing Distribution
Address Breakdown
Residential
15,959
Single Family
14,167
Multi-Family
1,792
Businesses
591
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: AJ Bowlen • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls ID: #202601924