2116 Manger LnAndersonIN46011
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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
Investment property for sale in Anderson at 2116 Manger Ln, Anderson, IN, 46011 uses $49,692 cash to close to unlock $2,086/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,074/mo, and a $734/mo payment keeps the spread at $174/mo. Purchase price stands at $149,900, and rental yield measures 8.6% with $1,074/mo rent. Return on cash invested shows 24.11% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 125.11% and total cumulative return in cash records $62,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,074/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1954
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46011, Anderson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,568 (100%) |
| Owner Occupied HU | 5,630 (74.4%) |
| Renter Occupied HU | 1,398 (18.5%) |
| Vacant Housing Units | 540 ( 7.1%) |
| Median Home Value | $208,834 |
| Average Home Value | $250,280 |
Housing Distribution
Address Breakdown
Residential
7,157
Single Family
7,058
Multi-Family
99
Businesses
199
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