980 N Logan RdBloomingtonIN47404
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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 980 N Logan Rd, Bloomington, IN, 47404 earns $706/mo cash flow from $2,386/mo rent with a $1,370/mo payment. Total monthly income totals $2,386/mo, and annual cash flow totals $8,469/yr on $92,787 capital. ROI tracks 29.04% on current figures, and rental yield reads 10.23% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 151.55% and total cumulative return in cash sums $140,617. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,386/mo property income instead of your personal income.
Multi Family
Built in 1990
0.37 Acres 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
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Listed by: Amy Kopp • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls ID: #202526973