906 W 6th StBloomingtonIN47404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 906 W 6th St, Bloomington, IN, 47404 in Bloomington hard to pass up. The 14.12% gross yield on a $187,500 purchase results in $2,207/mo in rent and $1,079/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.62). Annual cash flow of $12,949, five-year appreciation of $51,803, and $1,727/yr in equity build-up combine for a projected total cumulative return of $140,410.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.1% | 6.1% |
| Monthly Cash Flow | $1,079 | $420 |
City averages based on Bloomington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,207 |
| Total Monthly Debt Service | $1,053 |
| DSCR Ratio | 2.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1899
6,969 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,027
Single Family
10,201
Multi-Family
1,826
Businesses
1,249
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
Single Family
Built in 1899
6,969 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,027
Single Family
10,201
Multi-Family
1,826
Businesses
1,249
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cody Coffey • United Country Coffey Realty & Auction
Mls Name: IRMLS
Mls Provider:
Mls ID: #202417481
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.