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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 2415 W 29th St, Anderson, IN, 46016 offers a 10.09% rental yield on a $149,900 purchase with $1,260/mo rent. Total monthly income registers $1,260/mo, and a $734/mo payment leaves $360/mo available for distribution. Annual cash flow reaches $4,318/yr on $49,692 to close, and return on cash invested stands at 28.6% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 149.21% and total cumulative return in cash at $74,147. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,260/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46016, Anderson, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,325 (100%) |
| Owner Occupied HU | 3,134 (33.6%) |
| Renter Occupied HU | 4,232 (45.4%) |
| Vacant Housing Units | 1,959 (21.0%) |
| Median Home Value | $69,970 |
| Average Home Value | $116,674 |
Residential
7,917
Single Family
7,212
Multi-Family
705
Businesses
746
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Reanna Southard • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052635
