210 S Elma St, Anderson, IN, 46012 | $558/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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210 S Elma St, Anderson, IN, 46012 | $558/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in Anderson at 210 S Elma St, Anderson, IN, 46012 priced at $159,900 pairs $1,518/mo rent with $558/mo cash flow after a $783/mo payment. Total monthly income equals $1,518/mo, and annual cash flow comes to $6,693/yr on $53,007 invested. Return on cash invested is 32.54% in year one, and rental yield stands at 11.39% on a $159,900 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,177 by year five. Five-year ROI measures 170.32% and total cumulative return in cash reaches $90,282. For financing, Ziffy Mortgage’s DSCR program evaluates $1,518/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1964

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

210 S Elma ST, ANDERSON, IN, this single-family residence in Madison County presents an exciting opportunity to reimagine a classic space. Built in 1964, this property is ready for a new owner to bring their vision to life. With 1092 square feet of living area, the three-bedroom residence offers a comfortable layout for everyday living. Envision mornings spent in the bedrooms, where you can awaken to a peaceful start. The single full bathroom provides a functional space to refresh and rejuvenate. The expansive 12800 square foot lot provides ample space for outdoor enjoyment and creative landscaping possibilities. Imagine creating your own outdoor sanctuary, perfect for entertaining or simply enjoying the Indiana seasons. With the lot's generous size, the possibilities are endless. This one-story home is awaiting its next chapter.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46012, Anderson, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,109 (100%)
Owner Occupied HU	5,759 (63.2%)
Renter Occupied HU	2,532 (27.8%)
Vacant Housing Units	818 ( 9.0%)
Median Home Value	$171,053
Average Home Value	$197,821