2208 E Cross StAndersonIN46012
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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 2208 E Cross St, Anderson, IN, 46012 uses $77,206 cash to close to unlock $1,930/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,559/mo, and a $1,140/mo payment keeps the spread at $161/mo. Purchase price stands at $232,900, and rental yield measures 8.03% with $1,559/mo rent. Return on cash invested shows 22.41% in year one, and 5% annual appreciation builds toward $64,346 over five years. Five-year ROI reaches 116% and total cumulative return in cash records $89,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,559/mo property income covering a $1,140/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.46 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,620
Single Family
8,334
Multi-Family
286
Businesses
367
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