203 E 48th St, Anderson, IN, 46013 | 6.19% Rental Yield

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203 E 48th St, Anderson, IN, 46013 | 6.19% Rental Yield | Ziffy

Pending

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

Total monthly income runs $1,004/mo, and a $952/mo payment. Purchase price stands at $194,500, and rental yield measures 6.19% with $1,004/mo rent. Return on cash invested shows 16.86% in year one, and 5% annual appreciation builds toward $53,737 over five years. Five-year ROI reaches 86.32% and total cumulative return in cash records $55,653. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,004/mo property income covering a $952/mo payment rather than investor’s personal income.

Condo

Built in 1999

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to South Main Village, where comfort and convenience come together in this well-maintained 2-bedroom, 2-bath condo. The spacious layout is designed for easy living and includes a large laundry room plus an attached 2-car garage with plenty of storage. Enjoy peace of mind in this low-maintenance community where lawn care and snow removal are included, giving you more time to relax on the serene back patio. The hall bath features a brand-new walk-in seated tub, while the primary suite offers a newly updated high-end shower with safety handles. Modern upgrades include keyless entry, Ring doorbell, a brand-new dishwasher and microwave, washer and dryer (just one month old), and a gas water heater (1 year old). Added conveniences include a garage screen system and a paid water softener. This home blends functionality, thoughtful updates, and a worry-free lifestyle-all in a desirable setting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46013, Anderson, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,221 (100%)
Owner Occupied HU	5,628 (61.0%)
Renter Occupied HU	2,886 (31.3%)
Vacant Housing Units	707 ( 7.7%)
Median Home Value	$161,147
Average Home Value	$202,548