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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% |
Investment property for sale in Anderson at 234 Ringwood Way, Anderson, IN, 46013 listed at $139,900 pairs $1,200/mo rent with a $685/mo payment to leave $353/mo cash flow. Total monthly income runs $1,200/mo, and annual cash flow reaches $4,240/yr on $46,377 cash to close. Return on cash invested measures 29.05% in year one, and rental yield registers 10.29% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 151.74% and total cumulative return in cash totals $70,371. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,200/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1928
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46013, Anderson, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,221 (100%) |
| Owner Occupied HU | 5,628 (61.0%) |
| Renter Occupied HU | 2,886 (31.3%) |
| Vacant Housing Units | 707 ( 7.7%) |
| Median Home Value | $161,147 |
| Average Home Value | $202,548 |
Residential
8,884
Single Family
8,270
Multi-Family
614
Businesses
548
Date | Event | Price |
|---|---|---|
| 2025-03-24 | Listed for sale | $139,900 |
| 2025-02-08 | Listing removed | $1,100 |
| 2025-02-06 | Listed for rent | $1,100 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-25 | $1241.16 | 0.35% | $59,500 | 9.17% |
| 2023-03-25 | $1236.80 | 8.74% | $54,500 | 0.37% |
| 2022-03-25 | $1137.36 | 9.56% | $54,300 | 9.26% |
What's Special
Access Only
Listed by: Jim WOOD • RE/MAX At The Crossing
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21998615
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-25 07:42:56 PDT. 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](/mls-disclaimers/#48)
