3412 Village Dr, Anderson, IN, 46011 | 7.17% Rental Yield

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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

Rental property for sale in Anderson at 3412 Village Dr, Anderson, IN, 46011 generates $1,344/mo in rent, after a $1,101/mo payment. Total monthly income is $1,344/mo. Return on cash invested sits at 19.81% in year one, and rental yield is 7.17% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 102.06% and total cumulative return in cash sums $76,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,344/mo property income rather than buyer’s personal income.

Condo

Built in 2001

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Come see this spacious 2-BED, 2-BATH home offering 1,516 square feet of living space. With an ALL-BRICK exterior and a large TWO-CAR GARAGE, this home offers timeless style, comfort, and convenience. Virtually staged photos inspire you to envision this property as your future home. Enter through the inviting FOYER, featuring tile flooring that creates a warm welcome. The DINING AREA is ideal for enjoying your morning meal while enjoying the view outside. The adjacent KITCHEN features beautiful wood cabinetry, appliances that stay, recessed lighting, attractive countertops, and a spacious pantry. Since the kitchen is the heart of every gathering, the additional bar seating at the peninsula is fantastic - perfect for entertaining or everyday use! The LIVING ROOM impresses with its vaulted ceiling, recessed lighting, tiled fireplace, ceiling fan, and ample windows. It's a perfect space for a cozy atmosphere. The BEDROOMS offer plenty of closet space, including a walk-in closet in the primary suite, which also has an ensuite bath. Both BATHROOMS feature stylish vanities and neutral flooring. There's also a large LAUNDRY ROOM with cabinets, washer/dryer hookups, and a utility sink. Step outside to enjoy the PATIO, perfect for outdoor living and hosting. Make your next move to South Edgewood Village! NOTE: This low-maintenance home is part of a PUD (Planned Unit Development), where homeowners own their homes and land. The HOA handles lawn care, snow removal, and roof maintenance. Flooring allowance negotiable.

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