2806 Meridian St, Anderson, IN, 46016 | $204/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2806 Meridian St, Anderson, IN, 46016 | $204/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Anderson at 2806 Meridian St, Anderson, IN, 46016 generates $1,074/mo in rent and, after a $709/mo payment, leaves $204/mo in cash flow. Total monthly income is $1,074/mo, and annual cash flow is $2,453/yr on $48,034 invested. Return on cash invested sits at 25.02% in year one, and rental yield is 8.89% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 130.03% and total cumulative return in cash sums $62,461. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.

Single Family

Built in 1929

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Immaculately maintained, this 2 bedroom, 1 full bath home on Anderson's south side is turnkey. The living room provides a comforting area to relax around a gas log fireplace. Formal dining room and kitchen nook provide options for family meals around the table. The kitchen also provides a large pantry hidden by a pocket door. The bright and airy bathroom has been beautifully renovated. Craftsman style doors and trim adorn the home. Step outside to discover a covered front porch, a privacy fenced backyard, and a rear deck, creating outdoor spaces perfect for relaxation and enjoyment. Two 1-car garages with electric. Front garage is used as a workshop, while the back garage off the alley is used for cars and equipment storage. Basement has been fully reinforced and waterproofed and has a sump pump with a battery backup. Nothing left to do to this beautiful home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46016, Anderson, IN area.

Housing Distribution

Housing Statistics

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