98 S Lester St, Bloomfield, IN, 47424 | 5.5% Rental Yield

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98 S Lester St, Bloomfield, IN, 47424 | 5.5% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Bloomfield at 98 S Lester St, Bloomfield, IN, 47424 priced at $189,900 converts $870/mo rent into after a $929/mo obligation. Total monthly income equals $870/mo. Return on cash invested prints 14.77% in year one, and rental yield reads 5.5% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 75.07% and total cumulative return in cash sums $47,261. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $870/mo property income covering a $929/mo payment, not borrower’s personal income.

Single Family

Built in 1959

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to 98 S. Lester Street.... This charming one-story brick ranch with 1,400 square feet of living space is perfectly situated on a hillside within the city limits of Bloomfield. Offering 3 bedrooms, 1 full bath, and a well-maintained .53-acre lot, this property blends comfort, convenience, and curb appeal. A majestic maple tree graces the front yard, while an asphalt driveway provides ample parking. Follow the dead-end lane behind the home to find a two-car garage, carport, and garden shed, ideal for all your storage needs. The spacious, secluded backyard features a patio just off the back door, perfect for entertaining. Inside, the living room welcomes you with newer LVP wood flooring. The large eat-in kitchen offers plenty of space for a dining table, charming wood cabinetry, stainless steel appliances, and a dedicated pantry. Off the kitchen is the laundry room, utilities with an updated gas furnace, water softener, and access to the full bath. A versatile flex room off the living room can serve as a family room, formal dining room, or office space. A natural gas stove with thermostat adds an ambiance in the winter. Down the central hallway, the full bath features a walk-in shower and updated hickory cabinetry, vanity and lighting. The three bedrooms are filled with natural light, with several windows replaced with Anderson brand windows for efficiency. For peace of mind, the home also includes a whole-house generator to keep life running smoothly no matter the weather.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47424, Bloomfield, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,166 (100%)
Owner Occupied HU	3,022 (72.5%)
Renter Occupied HU	683 (16.4%)
Vacant Housing Units	461 (11.1%)
Median Home Value	$195,513
Average Home Value	$228,684