1122 Lona DrMartinsvilleIN46151
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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 Martinsville at 1122 Lona Dr, Martinsville, IN, 46151 at $262,995 posts ROI 11.07% with from $978/mo rent. Total monthly income equals $978/mo. Return on cash invested measures 11.07% and rental yield reads 4.46% at the current $262,995. Equity gained on principal adds $1,697/yr, and 5% annual appreciation supports $72,661 by year five. Five-year ROI prints 55.4% and total cumulative return in cash totals $48,298. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $978/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
4,791 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46151, Martinsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,840 (100%) |
| Owner Occupied HU | 10,004 (72.3%) |
| Renter Occupied HU | 2,981 (21.5%) |
| Vacant Housing Units | 855 ( 6.2%) |
| Median Home Value | $262,165 |
| Average Home Value | $300,956 |
Housing Distribution
Address Breakdown
Residential
13,100
Single Family
12,777
Multi-Family
323
Businesses
747
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Listed by: Rashad Mitchell • Ridgeline Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22011357
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 08:48:41 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_48)