1604 W 11th StAndersonIN46016
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
Investment Highlights
Rental property for sale in Anderson at 1604 W 11th St, Anderson, IN, 46016 generates $1,306/mo in rent and, after a $783/mo payment, leaves $346/mo in cash flow. Total monthly income is $1,306/mo, and annual cash flow is $4,148/yr on $53,040 invested. Return on cash invested sits at 27.73% in year one, and rental yield is 9.79% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 144.57% and total cumulative return in cash sums $76,682. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,306/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
6,534 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,917
Single Family
7,212
Multi-Family
705
Businesses
746
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices