2700 W 38th St #YM2FIFAndersonIN46013
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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 2700 W 38th St #YM2FIF, Anderson, IN, 46013 uses $65,405 cash to close to unlock $5,056/yr annual cash flow and $421/mo monthly cash flow. Total monthly income runs $1,606/mo, and a $966/mo payment keeps the spread at $421/mo. Purchase price stands at $197,300, and rental yield measures 9.77% with $1,606/mo rent. Return on cash invested shows 27.64% in year one, and 5% annual appreciation builds toward $54,510 over five years. Five-year ROI reaches 144.1% and total cumulative return in cash records $94,248. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,606/mo property income covering a $966/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A 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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