2835 Lancelot DrAndersonIN46011
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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
Rental property for sale in Anderson at 2835 Lancelot Dr, Anderson, IN, 46011 priced at $105,900 converts $822/mo rent into $187/mo cash flow after a $518/mo obligation. Total monthly income equals $822/mo, and annual cash flow totals $2,239/yr on $35,106 invested. Return on cash invested prints 26.29% in year one, and rental yield reads 9.31% against a $105,900 entry. Equity gained on principal adds $683/yr, while 5% annual appreciation compiles into $29,258 by year five. Five-year ROI reaches 136.86% and total cumulative return in cash sums $48,044. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $822/mo property income covering a $518/mo payment, not borrower’s personal income.
Manufactured
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46011, Anderson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,568 (100%) |
| Owner Occupied HU | 5,630 (74.4%) |
| Renter Occupied HU | 1,398 (18.5%) |
| Vacant Housing Units | 540 ( 7.1%) |
| Median Home Value | $208,834 |
| Average Home Value | $250,280 |
Housing Distribution
Address Breakdown
Residential
7,157
Single Family
7,058
Multi-Family
99
Businesses
199
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