701 W 4th St, Bloomington, IN, 47404 | 5.36% Rental Yield

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701 W 4th St, Bloomington, IN, 47404 | 5.36% Rental Yield | Ziffy

For Sale

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 701 W 4th St, Bloomington, IN, 47404 earns from $1,764/mo rent with a $1,933/mo payment. Total monthly income totals $1,764/mo. ROI tracks 14.35% on current figures, and rental yield reads 5.36% at a $395,000 purchase. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 over five years. Five-year ROI reaches 72.81% and total cumulative return in cash sums $95,334. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,764/mo property income instead of your personal income.

Single Family

Built in 1935

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Situated on a quiet corner of one of the most coveted streets in Bloomington, this sweet cottage has undergone an interior transformation whose high-end finishes belie the home's minimal traditional roots. Built in 1935 on land that originally belonged to Indianas ninth governor, it is among the newer historic homes in the Prospect Hill neighborhood. Its walkability can't be beat with a location just 3 blocks from the B-line, a 10-minute stroll to the Square, and a 20-minute walk to IUs campus. Set back from the street, the house offers a peaceful front porch and back deck shaded by gorgeous trees. Lovingly renovated over the last two years, the cottage boasts many new features including: All new kitchen and laundry rooms, including custom cabinetry, leathered granite countertops, new tile flooring and new lighting; All new bathrooms, including vanity, lighting, tile, and fixtureplus a luxurious Delta rain shower head and diverter! Custom window blinds, fresh paint, new interior doors, and new recessed lighting throughout; Furnace and central air system installed in 2023; Sump pump installed in 2025. Custom architectural plans for a room addition, redesigned front porch, and a 2-car garage with upstairs apartment (approved by the Historic Preservation Commission) included in sale of home with full-price offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47404, Bloomington, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,508 (100%)
Owner Occupied HU	5,797 (50.4%)
Renter Occupied HU	4,856 (42.2%)
Vacant Housing Units	855 ( 7.4%)
Median Home Value	$291,166
Average Home Value	$319,856