4230 W Cross StAndersonIN46011
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play4230 W Cross St, Anderson, IN, 46011 in Anderson is priced for appreciation, not yield. Rental yield 5.03%. At $314,900 with a 5.03% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $87,001 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.93) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $82,381.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5% | 7.8% |
| Monthly Cash Flow | $(571) | $650 |
City averages based on Anderson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,319 |
| Total Monthly Debt Service | $1,765 |
| DSCR Ratio | 0.75x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1967
2 Acres lot
$N/A/sqft
No HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1967
2 Acres lot
$N/A/sqft
No HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices