817 W 5th St, Anderson, IN, 46016 | 6.27% Rental Yield

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817 W 5th St, Anderson, IN, 46016 | 6.27% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,306/mo, and a $1,224/mo payment. Purchase price stands at $250,000, and rental yield measures 6.27% with $1,306/mo rent. Return on cash invested shows 17.08% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 87.45% and total cumulative return in cash records $72,478. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,306/mo property income covering a $1,224/mo payment rather than investor’s personal income.

Single Family

Built in 1890

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Spacious, stylish, and fully updated, this five-bedroom, two-bath home offers room to spread out and settle in. Step inside to discover nearly 2,900 square feet of well-designed living space featuring both a cozy family room and a separate living room on the main level, perfect for movie nights, game days, or simply escaping to your own quiet corner. Two main-level bedrooms share an updated full bathroom, while the freshly renovated kitchen flows into an inviting dining area ideal for hosting dinners. Upstairs, you'll find three additional bedrooms and another updated full bath, offering just the right mix of privacy and comfort. The updates throughout the home are not just cosmetic; the roof, siding, windows, flooring, and HVAC system have all been replaced, giving peace of mind alongside the fresh aesthetic. Outside, enjoy a wood deck perfect for grilling, relaxing in the sun, or entertaining guests who will surely question how you found this gem. With generous square footage, updated finishes, and versatile spaces, this home brings comfort and functionality together in one charming package.

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