3115 E 400 S, Anderson, IN, 46017 | $53/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3115 E 400 S, Anderson, IN, 46017 | $53/mo Cash Flow | Ziffy

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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

Investment property for sale in Anderson at 3115 E 400 S, Anderson, IN, 46017 listed at $275,000 pairs $1,704/mo rent with a $1,346/mo payment to leave $53/mo cash flow. Total monthly income runs $1,704/mo, and annual cash flow reaches $639/yr on $91,163 cash to close. Return on cash invested measures 20.61% in year one, and rental yield registers 7.44% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 106.38% and total cumulative return in cash totals $96,983. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,704/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1968

1.44 Acres lot

$N/A/sqft

No HOA

More details about the property

Have you been looking for a well-cared for home which was built by the original owner? This Cape Cod style home was built in 1968, situated on a 1.44 acre lot, with mature trees in back of the home, in Pendleton school district. Three full baths, 3-4 bedrooms, with nice storage space, and the main level room can be used as a sitting room or a forth bedroom. An updated kitchen with solid surface countertops and newer cabinetry, new appliances, and laminate flooring, dining room off the kitchen. The attached two car garage with attic storage, also a carport to the side of the concrete drive, and a nice sized barn style shed. The large back yard is great for enjoying nature, or other outdoor activities, outside or sitting in the enclosed porch.

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