9335 S Lake Ridge Dr #DM175BloomingtonIN47401
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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 9335 S Lake Ridge Dr #DM175, Bloomington, IN, 47401 earns $266/mo cash flow from $1,286/mo rent with a $832/mo payment. Total monthly income totals $1,286/mo, and annual cash flow totals $3,188/yr on $56,322 capital. ROI tracks 25.57% on current figures, and rental yield reads 9.08% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 133% and total cumulative return in cash sums $74,906. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,286/mo property income instead of your personal income.
Condo
Built in 1980
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: David Mullis • Keach & Grove Real Estate, LLC
Mls Name: IRMLS
Mls ID: #202523674