259 E Pike St, Martinsville, IN, 46151 | $283/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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259 E Pike St, Martinsville, IN, 46151 | $283/mo Cash Flow | 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

Rental property for sale in Martinsville at 259 E Pike St, Martinsville, IN, 46151 offers $1,363/mo rent that, after a $881/mo payment, leaves $283/mo cash flow. Total monthly income is $1,363/mo, and annual cash flow is $3,390/yr on $59,670 cash. Return on cash invested measures 25.59% in year one, and rental yield stands at 9.09% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 133.1% and total cumulative return in cash reaches $79,421. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,363/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1881

8,537 sqft lot

$N/A/sqft

No HOA

More details about the property

Selling AS IS . Welcome to 259 E Pike Street where timeless character meets modern comfort in the heart of downtown Martinsville. This beautiful older home offers the perfect blend of charm, space, and location. Set on a picturesque tree-lined street with a welcoming front porch perfect for morning coffee or evening conversations. Quiet neighborhood. Spacious Interior: Generously sized living and dining areas , tall ceilings, and abundant natural light Bonus Features: Sun Room, two separate fenced in yards perfect if you have a dog. One car detached garage. . Parking: Driveway in back, and street parking Just steps from downtown shops, restaurants, and festivals. Close to schools, parks, and the newly revitalized Morgan County Courthouse Square. Easy access to I-69 for a smooth commute to Indianapolis or Bloomington. This home is packed with potential . Whether youre looking to settle into small-town charm or invest in a rapidly developing area, 259 E Pike Street is an opportunity you dont want to miss. 9 rooms total Bedroom 1 Bedroom 2 Bedroom 3 Bathroom Laundry room upstairs and in basement Living room Dining room Enclosed large sun room Kitchen Heat works great AC works great New double door stainless refrigerator Oven works great Dish washer less than 7 years old Garbage disposal less than one year old Roof 9 years old Electrical all new 10 years ago Laundry room on main level and hook up in basement Basement is concrete floor and painted white brick walls Heat system in basement Basement Basement is size of the whole house Please send questions to : 259eastpikestreet@gmail.com

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