311 Fall Creek DrAndersonIN46013
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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 311 Fall Creek Dr, Anderson, IN, 46013 uses $69,582 cash to close to unlock $2,164/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $1,027/mo payment keeps the spread at $180/mo. Purchase price stands at $209,900, and rental yield measures 8.23% with $1,440/mo rent. Return on cash invested shows 23.02% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 119.32% and total cumulative return in cash records $83,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.27 Acres 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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