3535 Woodglen WayAndersonIN46011
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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
Rental property for sale in Anderson at 3535 Woodglen Way, Anderson, IN, 46011 priced at $245,000 converts $1,500/mo rent into after a $1,199/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints 16.45% in year one, and rental yield reads 7.35% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 85.52% and total cumulative return in cash sums $69,456. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$790 quarterly HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
7,157
Single Family
7,058
Multi-Family
99
Businesses
199
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $245,000 |
| 2020-08-27 | Sold | $160,000 |
| 2020-07-22 | Pending sale | $155,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-16 | $1569.66 | -2.50% | $155,100 | 8.16% |
| 2023-03-16 | $1609.94 | 7.51% | $143,400 | -1.44% |
| 2022-03-16 | $1497.54 | 23.86% | $145,500 | 7.70% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1987
- Architectural Style: Traditional
- Building Area: 1,570
- Living Area: 1,570 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric, Forced Air
- Cooling: Central Air, Heat Pump
- Flooring: Laminate, Vinyl
- Interior Features: Laminate Counters, Tub/Shower Combination, Main Level Bedroom Suite
- Exterior Features: N/A
- Parking Features: Attached, Garage Door Opener, Concrete
Location
HOA & Fees
- HOA Fee: $790 quarterly
- Association Fee: $790 quarterly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: Edgewood
- Middle School: Highland Junior High
- High School: Anderson
What's Special
Walk-up
Listed by: Mike McKown • F.C. Tucker/Crossroads Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508183
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.