1518 S Winding Way, Anderson, IN, 46011 | $720/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1518 S Winding Way, Anderson, IN, 46011 | $720/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

Rental property for sale in Anderson at 1518 S Winding Way, Anderson, IN, 46011 generates $2,160/mo in rent and, after a $1,174/mo payment, leaves $720/mo in cash flow. Total monthly income is $2,160/mo, and annual cash flow is $8,641/yr on $79,527 invested. Return on cash invested sits at 30.77% in year one, and rental yield is 10.8% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 160.94% and total cumulative return in cash sums $127,987. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.

Single Family

Built in 1961

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

This inviting one-story home offers plenty of room to spread out with three spacious bedrooms, one being the primary with an en suite bath. Two additional bedrooms share a full bath. On the other side of the house, there are plenty of options to enjoy with two living areas perfect for entertaining or relaxing. Enjoy natural light year-round in the bright sunroom, or gather in the cozy eat-in kitchen for meals. A large utility room provides extra storage and convenience, while the 2-car attached garage adds even more practicality. Step outside to find a fenced backyard ideal for pets, a covered back patio for cookouts, and a large covered front porch that's perfect for unwinding in the evenings. With its practical layout and welcoming spaces, this Edgewood gem is ready to be your next home!

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