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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% |
Rental property for sale in Anderson at 1640 W 7th St, Anderson, IN, 46016 generates $1,074/mo in rent and, after a $587/mo payment, leaves $354/mo in cash flow. Total monthly income is $1,074/mo, and annual cash flow is $4,248/yr on $39,780 invested. Return on cash invested sits at 30.59% in year one, and rental yield is 10.74% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 159.84% and total cumulative return in cash sums $63,583. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.
Single Family
Built in 1904
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46016, Anderson, IN area.
| 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 |
Residential
7,917
Single Family
7,212
Multi-Family
705
Businesses
746
Date | Event | Price |
|---|---|---|
| 2025-03-20 | Listed for sale | $120,000 |
| 2018-12-18 | Sold | $7,200 |
| 2018-11-12 | Pending sale | $14,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $984.28 | -0.46% | $47,600 | 8.18% |
| 2023-03-20 | $988.84 | 8.24% | $44,000 | -0.45% |
| 2022-03-20 | $913.58 | 3.69% | $44,200 | 8.87% |
What's Special
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Listed by: Grant Gorman • Green Forest Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22027951
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-20 07:22:43 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
