712 Cottage AveAndersonIN46012
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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
Rental property for sale in Anderson at 712 Cottage Ave, Anderson, IN, 46012 priced at $120,000 converts $944/mo rent into $224/mo cash flow after a $587/mo obligation. Total monthly income equals $944/mo, and annual cash flow totals $2,688/yr on $39,780 invested. Return on cash invested prints 26.67% in year one, and rental yield reads 9.44% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 138.81% and total cumulative return in cash sums $55,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $944/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1881
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46012, Anderson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,109 (100%) |
| Owner Occupied HU | 5,759 (63.2%) |
| Renter Occupied HU | 2,532 (27.8%) |
| Vacant Housing Units | 818 ( 9.0%) |
| Median Home Value | $171,053 |
| Average Home Value | $197,821 |
Housing Distribution
Address Breakdown
Residential
8,620
Single Family
8,334
Multi-Family
286
Businesses
367
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