LOT 4 E Cedar Ridge Ln, Bloomfield, IN, 47424 | 2.68% Rental Yield

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LOT 4 E Cedar Ridge Ln, Bloomfield, IN, 47424 | 2.68% Rental Yield | Ziffy

For Sale

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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 LOT 4 E Cedar Ridge Ln, Bloomfield, IN, 47424 priced at $389,000 pairs $870/mo rent with after a $1,904/mo payment. Total monthly income equals $870/mo. Return on cash invested is 6.27% in year one, and rental yield stands at 2.68% on a $389,000 basis. Equity gained on principal adds $2,510/yr, and 5% annual appreciation accumulates to $107,474 by year five. Five-year ROI measures 29.48% and total cumulative return in cash reaches $38,010. For financing, Ziffy Mortgage’s DSCR program evaluates $870/mo property income against a $1,904/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

1.77 Acres lot

$N/A/sqft

No HOA

More details about the property

Proposed Construction! Exclusive Residential Opportunity: Prestigious New Construction on Expansive 1.73-Acre Parcel Distinguished property situated in a serene locale, offering unparalleled convenience for professionals associated with Crane, Bloomington, and Bloomfield. This meticulously designed residence encompasses 2,506 square feet of refined living space, complemented by a substantial 25' x 24' garage. Distinctive Features include Comprehensive Customization Options, Public Water Infrastructure, Midwest Natural Gas Connectivity, Impressive Cathedral Ceiling, Elegant Gas Fireplace, Artisan Amish-Crafted Cabinetry, Quartz Countertops, Custom Pantry, Exterior Soffit Illumination. Master Suite Amenities include a generous 12x10 Walk-in Closet, Spa-Inspired Bathroom, Refined Tiled Shower, Elegant Soaking Tub. Additional Residential Provisions include Secondary Bedrooms with Interconnected Jack & Jill Bathroom, Strategically Positioned Laundry Facility with Dedicated Folding Area and Integrated Laundry Sink. Outdoor Living Spaces: Expansive Deck, Charming Covered Front Porch, Picturesque Natural Surroundings and Potential Wildlife Observation Opportunities. Prospective residents are invited to schedule an exclusive consultation to explore this exceptional new construction opportunity. Limited availability! Call today so you still have the opportunity to add your personal touch! Description is based on current plans and client will have options to personalize home.

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