911 W 3rd 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 911 W 3rd St, Anderson, IN, 46016 listed at $124,000 pairs $938/mo rent with a $607/mo payment to leave $194/mo cash flow. Total monthly income runs $938/mo, and annual cash flow reaches $2,323/yr on $41,106 cash to close. Return on cash invested measures 25.56% in year one, and rental yield registers 9.08% at a $124,000 basis. Equity gained on principal adds $800/yr, and annual property appreciation at 5% supports $34,259 by year five. Five-year ROI tracks 132.95% and total cumulative return in cash totals $54,651. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $938/mo property income relative to a $607/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1890
6,969 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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