708 W 12th StBloomingtonIN47404
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.57% gross rental yield, 708 W 12th St, Bloomington, IN, 47404 in Bloomington is priced for capital growth, not immediate cash flow. The $308,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $85,095 by year five, with $2,837/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.03) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $89,595.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.1% |
| Monthly Cash Flow | $(418) | $420 |
City averages based on Bloomington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,430 |
| Total Monthly Debt Service | $1,726 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1901
0.38 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,027
Single Family
10,201
Multi-Family
1,826
Businesses
1,249
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
Single Family
Built in 1901
0.38 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,027
Single Family
10,201
Multi-Family
1,826
Businesses
1,249
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deborah Tomaro • Deb Tomaro Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438408
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.