102 Pleasant Way, Anderson, IN, 46013 | $173/mo Cash Flow

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102 Pleasant Way, Anderson, IN, 46013 | $173/mo Cash Flow | 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

Investment property for sale in Anderson at 102 Pleasant Way, Anderson, IN, 46013 offers a 9.24% rental yield on a $102,000 purchase with $785/mo rent. Total monthly income registers $785/mo, and a $499/mo payment leaves $173/mo available for distribution. Annual cash flow reaches $2,075/yr on $33,813 to close, and return on cash invested stands at 26.05% in year one. Equity gained on principal adds $658/yr while 5% annual appreciation supports $28,181 over five years. Portfolio math shows five-year ROI at 135.49% and total cumulative return in cash at $45,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $785/mo property income against a $499/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2022

N/A lot

$N/A/sqft

No HOA

More details about the property

Located in Anderson, IN, and close to Indianapolis, Redbud Estates features tranquil surroundings. Our residents enjoy being part of a bustling surrounding community with a vibrant downtown area. Our high-quality homes have standard features including 2-3 bedrooms, large living areas, open kitchens with plenty of counter and cabinet space (even islands), plus primary bedrooms and bathrooms. While similar to site-built homes, the price of owning or renting a manufactured home in Redbud Estates is much more affordable. Redbud Estates manufactured home community has on-site management and offers 24-hour maintenance for your convenience. It's ideal for those who want carefree living with a reasonable price. In addition to our community, we have the Redbud Estates Sales Center right on site. At our Sales Center we provide high-quality and affordable custom designed modular homes for your own private land. We offer top-tier products from manufacturers like Champion Homes and Redman Homes. We have numerous floor plans available to suit any of your housing needs. Wood kitchen cabinets, full kitchen appliance packages, kitchen islands, entertainment centers, master suites, and mud rooms are a few features you will find in our model homes. Don't see what you need? Speak with one of our sales representatives and we can help you customize your perfect floor plan at a price within your reach. Call us today to take a tour or learn more.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46013, Anderson, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,221 (100%)
Owner Occupied HU	5,628 (61.0%)
Renter Occupied HU	2,886 (31.3%)
Vacant Housing Units	707 ( 7.7%)
Median Home Value	$161,147
Average Home Value	$202,548