359 W Sumner AveMartinsvilleIN46151
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Nearby investment properties with comparable prices
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
Rental property for sale in Martinsville at 359 W Sumner Ave, Martinsville, IN, 46151 priced at $180,000 pairs $1,712/mo rent with $632/mo cash flow after a $881/mo payment. Total monthly income equals $1,712/mo, and annual cash flow comes to $7,578/yr on $59,670 invested. Return on cash invested is 32.61% in year one, and rental yield stands at 11.41% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 170.75% and total cumulative return in cash reaches $101,885. For financing, Ziffy Mortgage’s DSCR program evaluates $1,712/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
4,791 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: Stacey Swartz • The Stewart Home Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079382