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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Anderson at 2313 E 5th St, Anderson, IN, 46012 generates $1,062/mo in rent and, after a $416/mo payment, leaves $535/mo in cash flow. Total monthly income is $1,062/mo, and annual cash flow is $6,426/yr on $28,144 invested. Return on cash invested sits at 42.74% in year one, and rental yield is 15.01% on a $84,900 entry. Equity gained on principal adds $548/yr, while 5% annual appreciation builds toward $23,456 over five years. Five-year ROI reaches 225.39% and total cumulative return in cash sums $63,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,062/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46012, Anderson, IN area.
| 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 |
Residential
8,620
Single Family
8,334
Multi-Family
286
Businesses
367
Date | Event | Price |
|---|---|---|
| 2024-10-04 | Listed for sale | $84,900 |
| 2024-09-26 | Pending sale | $84,900 |
| 2024-09-19 | Listed for sale | $84,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $901.60 | 10.08% | $40,400 | 0.25% |
| 2022-10-15 | $819.06 | 3.58% | $40,300 | 10.71% |
| 2021-10-15 | $790.72 | -0.95% | $36,400 | 4.00% |
No similar price properties found nearby.
Listed by: Peter Stewart • Keller Williams Indpls Metro N
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22002428
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 08:48:41 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_48)
