823 N Maple St, Bloomington, IN, 47404 | $358/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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823 N Maple St, Bloomington, IN, 47404 | $358/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 823 N Maple St, Bloomington, IN, 47404 offers $2,459/mo rent that, after a $1,713/mo payment, leaves $358/mo cash flow. Total monthly income is $2,459/mo, and annual cash flow is $4,297/yr on $116,025 cash. Return on cash invested measures 23.61% in year one, and rental yield stands at 8.43% 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 122.49% and total cumulative return in cash reaches $142,118. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,459/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 1950

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Building Size: 3,276 SF Zoning: R3 Residential Small Lot Located just minutes from downtown Bloomington and within walking distance to the citys new Trades District, this property offers a rare opportunity for investors or developers seeking a prime redevelopment or income-producing project. The building features a flexible, multi-level layout: First Floor: 2 bedrooms ideal for a private residence or rental unit Second Floor: 4 bedrooms excellent for multi-tenant occupancy or conversion potential Third Floor: Space for up to 2 additional bedrooms, creating value-add opportunity through renovation or expansion Includes a fire staircase for convenient and compliant multi-floor access With its R3 zoning, the property allows for residential small-lot development, making it suitable for multi-family housing, student rentals, or a high-quality renovation project. The proximity to Bloomingtons downtown amenities and the growing Trades District enhances both its long-term value and investment appeal.

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