2405 E 38th StAndersonIN46013
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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 2405 E 38th St, Anderson, IN, 46013 earns $359/mo cash flow from $1,454/mo rent with a $893/mo payment. Total monthly income totals $1,454/mo, and annual cash flow totals $4,305/yr on $60,499 capital. ROI tracks 27.02% on current figures, and rental yield reads 9.56% at a $182,500 purchase. Equity gained on principal adds $1,178/yr, and 5% annual appreciation supports $50,421 over five years. Five-year ROI reaches 140.77% and total cumulative return in cash sums $85,162. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,454/mo property income instead of your personal income.
Single Family
Built in 1939
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46013, Anderson, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,884
Single Family
8,270
Multi-Family
614
Businesses
548
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