803 S Winridge CtBloomingtonIN47403
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
Investment Highlights
Rental property for sale in Bloomington at 803 S Winridge Ct, Bloomington, IN, 47403 priced at $350,000 converts $2,281/mo rent into $180/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,281/mo, and annual cash flow totals $2,161/yr on $116,025 invested. Return on cash invested prints 21.77% in year one, and rental yield reads 7.82% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 112.61% and total cumulative return in cash sums $130,658. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,281/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.33 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,959
Single Family
14,167
Multi-Family
1,792
Businesses
591
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Listed by: Tracy Bridges • Collins Evans Real Estate Co.,
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078974