9011 S Pointe Ridge LnBloomingtonIN47401
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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 9011 S Pointe Ridge Ln, Bloomington, IN, 47401 uses $54,664 cash to close to unlock $3,159/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $1,253/mo, and a $807/mo payment keeps the spread at $263/mo. Purchase price stands at $164,900, and rental yield measures 9.12% with $1,253/mo rent. Return on cash invested shows 25.69% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 133.65% and total cumulative return in cash records $73,060. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,253/mo property income covering a $807/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,256
Single Family
16,493
Multi-Family
3,763
Businesses
911
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Listed by: Susan Slaven • Eagle Pointe Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22066508