706 W Glen Arbor Way, Bloomington, IN, 47403 | $231/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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706 W Glen Arbor Way, Bloomington, IN, 47403 | $231/mo Cash Flow | 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

Rental property for sale in Bloomington at 706 W Glen Arbor Way, Bloomington, IN, 47403 offers $2,332/mo rent that, after a $1,713/mo payment, leaves $231/mo cash flow. Total monthly income is $2,332/mo, and annual cash flow is $2,773/yr on $116,025 cash. Return on cash invested measures 22.3% in year one, and rental yield stands at 8% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 115.46% and total cumulative return in cash reaches $133,958. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,332/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1994

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Convenient Location. This 3 bedroom and 2.5 bathroom home is on a large .27 acre lot in a culdesac with a full front porch to enjoy. The home is right outside of city limits and the property taxes are lower as a result. It backs up to the Bloomington Country Club and is walking distance to both Batchelor Middle School and the new Monroe County Southwest Branch. The Fullerton Pike constitution project will be completed in July 2025 and provide access to I-69. Convenient for both commuters and those who work at NSWC Crance.

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