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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% |
Investment property for sale in Anderson at 1308 W 3rd St, Anderson, IN, 46016 uses $49,725 cash to close to unlock $4,869/yr annual cash flow and $406/mo monthly cash flow. Total monthly income runs $1,306/mo, and a $734/mo payment keeps the spread at $406/mo. Purchase price stands at $150,000, and rental yield measures 10.45% with $1,306/mo rent. Return on cash invested shows 29.7% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 155.14% and total cumulative return in cash records $77,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,306/mo property income covering a $734/mo payment rather than investor’s personal income.
Multi Family
Built in 1876
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46016, Anderson, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,325 (100%) |
| Owner Occupied HU | 3,134 (33.6%) |
| Renter Occupied HU | 4,232 (45.4%) |
| Vacant Housing Units | 1,959 (21.0%) |
| Median Home Value | $69,970 |
| Average Home Value | $116,674 |
Residential
7,917
Single Family
7,212
Multi-Family
705
Businesses
746
Date | Event | Price |
|---|---|---|
| 2024-07-25 | Listed for sale | $150,000 |
| 2009-06-30 | Sold | $6,600 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $6.47 | -0.46% | $200 | N/A |
| 2022-10-15 | $6.50 | -0.31% | $200 | N/A |
| 2021-10-15 | $6.52 | N/A | $200 | N/A |
Listed by: Jordan Moody • Keller Williams Indpls Metro N
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21991836
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 08:48:41 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_48)
