1628 Edgewood DrAndersonIN46011
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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
Investment Highlights
Investment property for sale in Anderson at 1628 Edgewood Dr, Anderson, IN, 46011 offers a 9.41% rental yield on a $238,700 purchase with $1,871/mo rent. Total monthly income registers $1,871/mo, and a $1,168/mo payment leaves $323/mo available for distribution. Annual cash flow reaches $3,874/yr on $79,129 to close, and return on cash invested stands at 24.81% in year one. Equity gained on principal adds $1,540/yr while 5% annual appreciation supports $65,948 over five years. Portfolio math shows five-year ROI at 129.47% and total cumulative return in cash at $102,446. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,871/mo property income against a $1,168/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.31 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
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