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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 412 E 38th St, Anderson, IN, 46013 offers a 10.52% rental yield on a $150,000 purchase with $1,315/mo rent. Total monthly income registers $1,315/mo, and a $734/mo payment leaves $415/mo available for distribution. Annual cash flow reaches $4,977/yr on $49,725 to close, and return on cash invested stands at 29.92% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 156.3% and total cumulative return in cash at $77,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,315/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
5,227 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Richard Beckham • Keller Williams Indy Metro NE
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22065646
