1522 Nichol Ave, Anderson, IN, 46016 | $496/mo Cash Flow

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1522 Nichol Ave, Anderson, IN, 46016 | $496/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 1522 Nichol Ave, Anderson, IN, 46016 offers a 11.62% rental yield on a $134,900 purchase with $1,306/mo rent. Total monthly income registers $1,306/mo, and a $660/mo payment leaves $496/mo available for distribution. Annual cash flow reaches $5,958/yr on $44,719 to close, and return on cash invested stands at 33.23% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 174.11% and total cumulative return in cash at $77,861. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,306/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1922

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

This home features 4 bedrooms and 2 full bathrooms. All of the rooms are large and have great woodwork. It has a Trane high efficiency gas furnace. Owner has done some updates like a new roof, new circuit breaker with 200 amp electrical panel, one full bathroom was fully rehabbed. New oven-range oven, new microwave with built in microwave hood, new cabinets, new kitchen sink, new granite counter tops. There is still some work that needs done, some TLC will give this house a new look. The potential is there. This house has the space and looks to make a great home. The home is being sold "as-is".

Neighborhood Data

Neighborhood data shown for ZIP Code: 46016, Anderson, IN area.

Housing Distribution

Housing Statistics

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