699 N Deer Lake DrBloomfieldIN47424
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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 699 N Deer Lake Dr, Bloomfield, IN, 47424 priced at $450,000 converts $3,022/mo rent into $320/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,022/mo, and annual cash flow totals $3,843/yr on $149,175 invested. Return on cash invested prints 22.49% in year one, and rental yield reads 8.06% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 116.44% and total cumulative return in cash sums $173,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,022/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 2006
2.53 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: Landon Buesching • 1 Percent Lists - Hoosier State Realty LLC
Mls Name: IRMLS
Mls ID: #202543380