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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Anderson at 405 E 38th St, Anderson, IN, 46013 earns $325/mo cash flow from $1,262/mo rent with a $764/mo payment. Total monthly income totals $1,262/mo, and annual cash flow totals $3,901/yr on $51,714 capital. ROI tracks 27.45% on current figures, and rental yield reads 9.71% at a $156,000 purchase. Equity gained on principal adds $1,007/yr, and 5% annual appreciation supports $43,100 over five years. Five-year ROI reaches 143.14% and total cumulative return in cash sums $74,022. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,262/mo property income instead of your personal income.
Single Family
Built in 1919
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46013, Anderson, IN area.
| 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 |
Residential
8,884
Single Family
8,270
Multi-Family
614
Businesses
548
Date | Event | Price |
|---|---|---|
| 2025-10-17 | Sold | $156,000 |
| 2025-09-10 | Pending sale | $159,900 |
| 2025-08-29 | Listed for sale | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $1046.92 | -4.19% | $51,200 | 9.40% |
| 2023-10-26 | $1092.76 | 8.78% | $46,800 | -4.10% |
| 2022-10-26 | $1004.60 | 4.52% | $48,800 | 9.42% |
Listed by: Heather Upton • Keller Williams Indy Metro NE
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22059373
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 02:58:10 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
