2222 E 10th St, Anderson, IN, 46012 | $138/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2222 E 10th St, Anderson, IN, 46012 | $138/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

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

Investment property for sale in Anderson at 2222 E 10th St, Anderson, IN, 46012 offers a 7.94% rental yield on a $225,000 purchase with $1,488/mo rent. Total monthly income registers $1,488/mo, and a $1,101/mo payment leaves $138/mo available for distribution. Annual cash flow reaches $1,651/yr on $74,588 to close, and return on cash invested stands at 22.12% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 114.5% and total cumulative return in cash at $85,401. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,488/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1963

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Investor Alert - Fully Rented Quad That Substantially Exceeds the 1% Rule! 2222/2224 East 10th Street, Anderson, IN 46012 This all-brick quadplex is a true money maker, generating $3,000/month in gross rent! All four units are fully occupied with stable, long-term tenants, providing immediate and consistent cash flow. Unit Breakdown: 2222 Up: 2 BR / 1 BA - $800/month (+$25 cat fee). Long-term tenant well below FMV ($1,054). 2222 Down: 1 BR - $700/month. 2224 Up: 1 BR + Den - $750/month. 2224 Down: 1 BR + Den - $750/month. Owner pays all utilities. Each side (2222 and 2224) shares one furnace and one water heater, keeping maintenance simple and operating costs manageable. Lower units do not control thermostats, but this setup has worked smoothly for years. Built solid with brick exterior, this property offers durability, reliability, and ease of management. Conveniently located near shopping, schools, and main routes in Anderson. Total Monthly Income: $3,000 Total Annual Income: $36,000

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