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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 1408 Lawrence Way, Anderson, IN, 46013 earns from $1,004/mo rent with a $856/mo payment. Total monthly income totals $1,004/mo. ROI tracks 16.53% on current figures, and rental yield reads 6.89% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 85.37% and total cumulative return in cash sums $49,500. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,004/mo property income instead of your personal income.
Condo
Built in 1997
10,018 sqft lot
$N/A/sqft
$1,410 annually HOA
Neighborhood data shown for ZIP Code: 46013, Anderson, IN area.
| 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 |
Residential
8,884
Single Family
8,270
Multi-Family
614
Businesses
548
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listed for sale | $174,900 |
| 2025-03-20 | Listing removed | $184,900 |
| 2025-03-07 | Listed for sale | $184,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $1171.04 | -2.99% | $118,400 | 9.12% |
| 2023-04-02 | $1207.14 | 23.16% | $108,500 | -1.90% |
| 2022-04-02 | $980.16 | 5.36% | $110,600 | 22.08% |
What's Special
Pull Down Stairs
Listed by: Rachel Ellis • RE/MAX Real Estate Solutions
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22025690
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-02 07:37:44 PDT. 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](/mls-disclaimers/#48)
