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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Bloomington at 9748 S Harbour Pointe Dr, Bloomington, IN, 47401 generates $1,972/mo in rent and, after a $1,297/mo payment, leaves $34/mo in cash flow. Total monthly income is $1,972/mo, and annual cash flow is $403/yr on $87,848 invested. Return on cash invested sits at 20.37% in year one, and rental yield is 8.93% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 106.78% and total cumulative return in cash sums $93,807. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,972/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$1,043 quarterly HOA
Neighborhood data shown for ZIP Code: 47401, Bloomington, IN area.
| 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 |
Residential
20,256
Single Family
16,493
Multi-Family
3,763
Businesses
911
Date | Event | Price |
|---|---|---|
| 2024-11-08 | Sold | $265,000 |
| 2024-10-02 | Price change | $273,900 |
| 2024-06-24 | Price change | $298,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1504.64 | 47.55% | $229,700 | 7.99% |
| 2023-10-22 | $1019.72 | 26.68% | $212,700 | 41.80% |
| 2022-10-22 | $804.96 | -4.45% | $150,000 | 15.38% |
Listed by: Todd Loucks • RE/MAX Connection
Mls Name: IRMLS
Mls Provider:
Mls ID: #202410109
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.
