203 E 48th StAndersonIN46013
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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
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
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 |
Housing Distribution
Address Breakdown
Residential
8,884
Single Family
8,270
Multi-Family
614
Businesses
548
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