8581 S Old State Road 37BloomingtonIN47403
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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
Investment Highlights
Investment property for sale in Bloomington at 8581 S Old State Road 37, Bloomington, IN, 47403 earns $308/mo cash flow from $1,598/mo rent with a $1,052/mo payment. Total monthly income totals $1,598/mo, and annual cash flow totals $3,694/yr on $71,239 capital. ROI tracks 25.09% on current figures, and rental yield reads 8.92% at a $214,900 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 over five years. Five-year ROI reaches 130.42% and total cumulative return in cash sums $92,910. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,598/mo property income instead of your personal income.
Single Family
Built in 1947
2 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: Bill Howard • Bill Howard Real Estate
Mls Name: IRMLS
Mls ID: #202541357