5845 W Martin DrMentoneIN46539
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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
Investment property for sale in Mentone at 5845 W Martin Dr, Mentone, IN, 46539 offers a 13.47% rental yield on a $129,000 purchase with $1,448/mo rent. Total monthly income registers $1,448/mo, and a $631/mo payment leaves $674/mo available for distribution. Annual cash flow reaches $8,088/yr on $42,764 to close, and return on cash invested stands at 38.82% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 204.15% and total cumulative return in cash at $87,301. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,448/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2000
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46539, Mentone, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 711 (70.1%) |
| Renter Occupied HU | 184 (18.1%) |
| Vacant Housing Units | 119 (11.7%) |
| Median Home Value | $178,879 |
| Average Home Value | $248,822 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
717
Multi-Family
21
Businesses
62
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Listed by: Deena Mattern • Old Fort Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202332431
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.