1345 Sassafras CtMartinsvilleIN46151
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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 1345 Sassafras Ct, Martinsville, IN, 46151 listed at $204,665 pairs $978/mo rent with a $1,002/mo payment. Total monthly income runs $978/mo. Return on cash invested measures 15.47% in year one, and rental yield registers 5.73% at a $204,665 basis. Equity gained on principal adds $1,321/yr, and annual property appreciation at 5% supports $56,545 by year five. Five-year ROI tracks 78.86% and total cumulative return in cash totals $53,505. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $978/mo property income relative to a $1,002/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
9,583 sqft lot
$N/A/sqft
No 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: Kathy Taylor • The Modglin Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22054720