9406 S Lake Ridge Dr #101BloomingtonIN47401
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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
Rental property for sale in Bloomington at 9406 S Lake Ridge Dr #101, Bloomington, IN, 47401 generates $1,043/mo in rent and, after a $661/mo payment, leaves $232/mo in cash flow. Total monthly income is $1,043/mo, and annual cash flow is $2,788/yr on $44,753 invested. Return on cash invested sits at 26.14% in year one, and rental yield is 9.27% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 136.08% and total cumulative return in cash sums $60,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,043/mo property income rather than buyer’s 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: Susan Slaven • Susan Slaven Realty
Mls Name: IRMLS
Mls ID: #202527229