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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% |
Rental property for sale in Anderson at 515 W 2nd St, Anderson, IN, 46016 generates $1,306/mo in rent and, after a $612/mo payment, leaves $555/mo in cash flow. Total monthly income is $1,306/mo, and annual cash flow is $6,666/yr on $41,438 invested. Return on cash invested sits at 35.99% in year one, and rental yield is 12.54% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 188.94% and total cumulative return in cash sums $78,293. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,306/mo property income rather than buyer’s personal income.
Multi Family
Built in 1885
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46016, Anderson, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,325 (100%) |
| Owner Occupied HU | 3,134 (33.6%) |
| Renter Occupied HU | 4,232 (45.4%) |
| Vacant Housing Units | 1,959 (21.0%) |
| Median Home Value | $69,970 |
| Average Home Value | $116,674 |
Residential
7,917
Single Family
7,212
Multi-Family
705
Businesses
746
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: Daniel Soares • Weichert, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073096
