702 W 5th StAndersonIN46016
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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
Investment Highlights
Investment property for sale in Anderson at 702 W 5th St, Anderson, IN, 46016 earns from $875/mo rent with a $3,867/mo payment. Total monthly income totals $875/mo. ROI tracks 2.2% on current figures, and rental yield reads 1.33% at a $790,000 purchase. Equity gained on principal adds $5,098/yr, and 5% annual appreciation supports $218,262 over five years. Five-year ROI reaches 7.62% and total cumulative return in cash sums $19,812. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $875/mo property income instead of your personal income.
Multi Family
Built in 1905
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46016, Anderson, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,917
Single Family
7,212
Multi-Family
705
Businesses
746
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