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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 1610 Magnolia Dr, Anderson, IN, 46011 offers a 6.48% rental yield on a $199,000 purchase with $1,074/mo rent. 72% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 90.87% and total cumulative return in cash at $59,946. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,074/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46011, Anderson, IN area.
| 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 |
Residential
7,157
Single Family
7,058
Multi-Family
99
Businesses
199
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Derik Strenzel • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22063732
