2879 S 380 EAndersonIN46017
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2879 S 380 E, Anderson, IN, 46017 offers a 9.09% rental yield on a $224,900 purchase with $1,704/mo rent. Total monthly income registers $1,704/mo, and a $1,101/mo payment leaves $348/mo available for distribution. Annual cash flow reaches $4,177/yr on $74,554 to close, and return on cash invested stands at 25.51% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 132.73% and total cumulative return in cash at $98,953. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,704/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.51 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46017, Anderson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,637 (100%) |
| Owner Occupied HU | 1,930 (73.2%) |
| Renter Occupied HU | 529 (20.1%) |
| Vacant Housing Units | 178 ( 6.8%) |
| Median Home Value | $173,057 |
| Average Home Value | $199,692 |
Housing Distribution
Address Breakdown
Residential
2,705
Single Family
2,705
Multi-Family
0
Businesses
144
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-19 | Listed for sale | $224,900 |
| 2025-03-01 | Listing removed | $219,900 |
| 2025-02-14 | Price change | $219,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $1933.54 | 1.16% | $94,200 | 9.15% |
| 2023-03-20 | $1911.34 | 5.74% | $86,300 | 1.17% |
| 2022-03-20 | $1807.66 | 4.63% | $85,300 | 6.36% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1966
- Architectural Style: Ranch
- Building Area: 1,464
- Living Area: 1,464 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Baseboard, Hot Water
- Cooling: Central Air
- Flooring: Hardwood, Carpet, Laminate
- Interior Features: Ceiling Fan(s), Laminate Counters, Eat-in Kitchen, Kitchen Island, Tub/Shower Combination, Main Level Bedroom Suite
- Exterior Features: Kennel
- Parking Features: Attached, Heated Garage, Garage Utilities, Concrete
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Well
- Road Surface Type: Asphalt
School Information
- Elementary School: Valley Grove
- Middle School: Highland Junior High
- High School: Anderson
What's Special
Pull Down Stairs,Storage
Listed by: Marissa Earls • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508958
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.