208 Elva StAndersonIN46013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Anderson at 208 Elva St, Anderson, IN, 46013 offers $1,244/mo rent that, after a $783/mo payment, leaves $284/mo cash flow. Total monthly income is $1,244/mo, and annual cash flow is $3,404/yr on $53,040 cash. Return on cash invested measures 26.33% in year one, and rental yield stands at 9.33% at a $160,000 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,205 by year five. Five-year ROI records 137.06% and total cumulative return in cash reaches $72,698. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,244/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
6,098 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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