# 2415 Cedar, Anderson, IN 46016 > **TL;DR:** 2bd/1ba single family, $65,000 ($55/sqft), built 1950, 1,190 sqft. > A/C. Est. $348/mo. Listed 85 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $65,000 | | Price/sqft | $55 | | Bedrooms | 2 | | Bathrooms | 1 full | | Square Feet | 1,190 | | Year Built | 1950 | | Lot Size | 3,049 sqft (0.07 acres) | | Stories | 2 | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 85 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $329 | | Estimated Insurance | $19 | | **Total** | **$348** | ## Nearby Schools - **Middle:** Highland Middle School ## Key Amenities - A/C ## Property Highlights - Built in 1950 - 0.07 acre lot - 2 stories ## Description ### Agent Description Attention investors seeking immediate cash flow and strong yield! Located at 2415 Cedar St, Anderson, IN, this single-family investment opportunity is offered at an attractive entry price of $65,000. Featuring 2 spacious bedrooms, 1 full bathroom, and 1,156 square feet of living space across a 1.5-story layout, this property delivers a functional floor plan on a level 0.07-acre lot equipped with a classic covered front porch. The property's central location provides tenants with convenient access to key local attractions, including Anderson University, the historic Paramount Theatre, Mounds State Park, Anderson Speedway, and Harrah's Hoosier Park Racing & Casino. The property is currently tenant-occupied and producing steady rental income of $931 per month, with a lease in place through March 31, 2027. This property easily satisfies the investor-favorite 1% rule, making it an ideal cash-flowing asset right out of the gate. For an investor, this in-place lease means instant, turn-key cash flow from the day of closing with zero initial vacancy, zero advertising expenses, and no tenant-placement hassle. Having a reliable tenant locked in through Spring 2027 provides long-term stability and predictable income to cover your investment. Paired with low annual holding costs, this home keeps your net margins high. When the lease expires in March 2027, you retain complete strategic flexibility: you can choose to sign a lease renewal, adjust rents upward to capture future market growth, or perform selective cosmetic updates to boost forced equity and long-term appreciation. Whether you are expanding an established rental portfolio or securing your first income property, 2415 Cedar St combines a low entry price, minimal holding overhead, strong 1% rule performance, and guaranteed day-one returns. Schedule your showing today to add this turn-key cash generator to your portfolio! ## Location - **Address:** 2415 Cedar, Anderson, IN 46016 - **County:** Madison - **Neighborhood:** Spring Grove - **Coordinates:** 40.091945, -85.693345 - **Google Maps:** https://www.google.com/maps?q=40.091945,-85.693345 ## Listing Agent - **Name:** John-Thomas Bell - **Brokerage:** Trueblood Real Estate - **Broker Phone:** (317) 679-6330 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2415-Cedar-St_Anderson_IN_46016_M48548-41643?f=listhub&s=MIBORIN&m=22119011&c=propsimple) ## Photos ![2415 Cedar - Photo 1](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f1219014712r.jpg) ![2415 Cedar - Photo 2](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f1600446627r.jpg) ![2415 Cedar - Photo 3](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f3997979028r.jpg) ![2415 Cedar - Photo 4](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f49001063r.jpg) ![2415 Cedar - Photo 5](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f426904626r.jpg) ![2415 Cedar - Photo 6](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f1606654476r.jpg) ![2415 Cedar - Photo 7](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f156460943r.jpg) ![2415 Cedar - Photo 8](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f1048322179r.jpg) ![2415 Cedar - Photo 9](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f1149999394r.jpg) ![2415 Cedar - Photo 10](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f1057377201r.jpg) ![2415 Cedar - Photo 11](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f1824517224r.jpg) ![2415 Cedar - Photo 12](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f3675592474r.jpg) ![2415 Cedar - Photo 13](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f285822488r.jpg) ![2415 Cedar - Photo 14](http://lh.rdcpix.com/3aaa02503f1c3082b9afacf1bf8af23al-f137448723r.jpg) --- **MLS#:** 22119011 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/2415-cedar-anderson-in-46016-98039357d0f84b97b6079391ecaaaf16) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2415-cedar-anderson-in-46016-98039357d0f84b97b6079391ecaaaf16#listing", "url": "https://www.propertysimple.ai/listing/2415-cedar-anderson-in-46016-98039357d0f84b97b6079391ecaaaf16", "name": "2415 Cedar, Anderson, IN 46016", "description": "Attention investors seeking immediate cash flow and strong yield! Located at 2415 Cedar St, Anderson, IN, this single-family investment opportunity is offered at an attractive entry price of $65,000. 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Having a reliable tenant locked in through Spring 2027 provides long-term stability and predictable income to cover your investment. Paired with low annual holding costs, this home keeps your net margins high. When the lease expires in March 2027, you retain complete strategic flexibility: you can choose to sign a lease renewal, adjust rents upward to capture future market growth, or perform selective cosmetic updates to boost forced equity and long-term appreciation. Whether you are expanding an established rental portfolio or securing your first income property, 2415 Cedar St combines a low entry price, minimal holding overhead, strong 1% rule performance, and guaranteed day-one returns. 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