720 E Walnut StMartinsvilleIN46151
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing720 E Walnut St, Martinsville, IN, 46151 in Martinsville is a stable, well-positioned rental at $185,000. Rental yield 6.34%. DSCR 1.18 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $51,112 in value and $1,704/yr in principal paydown builds equity, a total projected return of $61,457.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.3% | 8.0% |
| Monthly Cash Flow | $(133) | $300 |
City averages based on Martinsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $978 |
| Total Monthly Debt Service | $1,037 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
3,049 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
Nearby investment properties with comparable rents
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
Single Family
Built in 2006
3,049 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alfonso Andolz • Steve Lew Real Estate Group, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22083326