320 W 12th St, Anderson, IN, 46016 | 5.91% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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320 W 12th St, Anderson, IN, 46016 | 5.91% Rental Yield | 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

Investment property for sale in Anderson at 320 W 12th St, Anderson, IN, 46016 offers a 5.91% rental yield on a $265,000 purchase with $1,306/mo rent. 02% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 81.79% and total cumulative return in cash at $71,847. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,306/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1890

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Own a piece of Anderson's rich history with this registered historic home that seamlessly blends timeless charm with modern comfort. This stunning property features 5 spacious bedrooms, 2 beautifully updated bathrooms, and showcases incredible original craftsmanship - including a grand foyer with intricate woodwork and gleaming hardwood floors throughout most of the main level. Enjoy multiple living spaces with a formal living room and a cozy family room, complete with a beautiful fireplace for those relaxing evenings at home. The updated kitchen features stainless steel appliances, stylish finishes, and flows perfectly into the formal dining room - an ideal setting for hosting family gatherings and entertaining guests. All bedrooms are generously sized, and a flexible office/den space adds extra function. Gorgeous wraparound front porch that offers a charming space to unwind and enjoy the neighborhood's historic vibe. Out back, you'll find a fully fenced backyard and an oversized detached two-car garage, offering plenty of room for parking, storage, or hobbies. Recent updates include a newer roof and newer water softener, giving added peace of mind.

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