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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Martinsville at 802 Echo Trl, Martinsville, IN, 46151 priced at $370,000 pairs $2,366/mo rent with $120/mo cash flow after a $1,811/mo payment. Total monthly income equals $2,366/mo, and annual cash flow comes to $1,439/yr on $122,655 invested. Return on cash invested is 21.08% in year one, and rental yield stands at 7.67% on a $370,000 basis. Equity gained on principal adds $2,388/yr, and 5% annual appreciation accumulates to $102,224 by year five. Five-year ROI measures 108.97% and total cumulative return in cash reaches $133,661. For financing, Ziffy Mortgage’s DSCR program evaluates $2,366/mo property income against a $1,811/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
0.57 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood data shown for ZIP Code: 46151, Martinsville, IN area.
| 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 |
Residential
13,100
Single Family
12,777
Multi-Family
323
Businesses
747
Date | Event | Price |
|---|---|---|
| 2025-06-27 | Sold | $370,000 |
| 2025-05-27 | Pending sale | $375,000 |
| 2025-05-08 | Listed for sale | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $1403.46 | 14.09% | $288,400 | N/A |
| 2023-10-20 | $1230.12 | 44.02% | $288,400 | 10.16% |
| 2022-10-20 | $854.16 | 6.06% | $261,800 | 29.28% |
What's Special
Pull Down Stairs
Listed by: David Percival • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22036744
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-19 22:52:54 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
