1517 Hillcrest AveAndersonIN46011
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1517 Hillcrest Ave, Anderson, IN, 46011 in Anderson hard to pass up. The 14.8% gross yield on a $150,900 purchase results in $1,861/mo in rent and $955/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.74). Annual cash flow of $11,464, five-year appreciation of $41,691, and $1,390/yr in equity build-up combine for a projected total cumulative return of $118,552.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.8% | 7.8% |
| Monthly Cash Flow | $955 | $650 |
City averages based on Anderson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,861 |
| Total Monthly Debt Service | $846 |
| DSCR Ratio | 2.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1951
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46011, Anderson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,568 (100%) |
| Owner Occupied HU | 5,630 (74.4%) |
| Renter Occupied HU | 1,398 (18.5%) |
| Vacant Housing Units | 540 ( 7.1%) |
| Median Home Value | $208,834 |
| Average Home Value | $250,280 |
Housing Distribution
Address Breakdown
Residential
7,157
Single Family
7,058
Multi-Family
99
Businesses
199
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1951
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46011, Anderson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,568 (100%) |
| Owner Occupied HU | 5,630 (74.4%) |
| Renter Occupied HU | 1,398 (18.5%) |
| Vacant Housing Units | 540 ( 7.1%) |
| Median Home Value | $208,834 |
| Average Home Value | $250,280 |
Housing Distribution
Address Breakdown
Residential
7,157
Single Family
7,058
Multi-Family
99
Businesses
199
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Kinnaird • RE/MAX First Integrity
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517360
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.