721 E Waterloo Ct, Bloomington, IN, 47401 | $213/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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721 E Waterloo Ct, Bloomington, IN, 47401 | $213/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 721 E Waterloo Ct, Bloomington, IN, 47401 offers $1,684/mo rent that, after a $1,199/mo payment, leaves $213/mo cash flow. Total monthly income is $1,684/mo, and annual cash flow is $2,562/yr on $81,218 cash. Return on cash invested measures 23.06% in year one, and rental yield stands at 8.25% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 119.53% and total cumulative return in cash reaches $97,080. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,684/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1983

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover your perfect home in the desirable Sherwood Greens community with this charming 2-bedroom, 2-full-bathroom condo that blends modern comfort with unbeatable convenience. The spacious and airy layout welcomes you with natural light, ideal for both relaxing evenings and lively gatherings. The kitchen boasts sleek custom cabinetry, offering ample storage and a touch of sophistication for your culinary adventures. Nestled just steps from Bloomington South High School and Kroger South, and only a short drive from downtown Bloomington and the IU campus, this location is perfect anyone seeking vibrant community living. Enjoy the fantastic Sherwood Greens amenities, including a refreshing pool for summer days, a fun playground, tennis courts for active pursuits, and a clubhouse for memorable gatherings. Embrace low-maintenance living in a home that has it allschedule your viewing today and make this condo yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47401, Bloomington, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,651 (100%)
Owner Occupied HU	10,173 (49.3%)
Renter Occupied HU	8,522 (41.3%)
Vacant Housing Units	1,956 ( 9.5%)
Median Home Value	$366,019
Average Home Value	$425,030