38 Ringwood WayAndersonIN46013
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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 38 Ringwood Way, Anderson, IN, 46013 with 5% annual appreciation on a $110,000 basis while $849/mo rent supports operations. Total monthly income totals $849/mo and a $538/mo payment preserves $189/mo for cash returns. Annual cash flow comes to $2,269/yr on $36,465 deployed, and return on cash invested reaches 26.13% in year one. Equity gained on principal adds $710/yr, and five-year appreciation sums $30,391 alongside rental yield of 9.26%. Five-year ROI measures 136.07% and total cumulative return in cash totals $49,620.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $849/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1927
6,098 sqft 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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