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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 4218 Merlins Way, Anderson, IN, 46011 uses $38,620 cash to close to unlock $2,807/yr annual cash flow and $234/mo monthly cash flow. Total monthly income runs $933/mo, and a $570/mo payment keeps the spread at $234/mo. Purchase price stands at $116,500, and rental yield measures 9.61% with $933/mo rent. Return on cash invested shows 27.18% in year one, and 5% annual appreciation builds toward $32,187 over five years. Five-year ROI reaches 141.57% and total cumulative return in cash records $54,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $933/mo property income covering a $570/mo payment rather than investor’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46011, Anderson, IN area.
| 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 |
Residential
7,157
Single Family
7,058
Multi-Family
99
Businesses
199
Date | Event | Price |
|---|---|---|
| 2025-04-26 | Listed for sale | $116,500 |
| 2023-12-06 | Listing removed | N/A |
| 2023-09-09 | Listed for sale | $121,048 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Justine Paschal • UMH Properties, Inc.
Mls Name: UMH Properties Inc
Mls Provider:
Mls ID: #N/A
