901 Carter RdMartinsvilleIN46151
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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
Investment Highlights
Investment property for sale in Martinsville at 901 Carter Rd, Martinsville, IN, 46151 earns from $978/mo rent with a $1,194/mo payment. Total monthly income totals $978/mo. ROI tracks 12.69% on current figures, and rental yield reads 4.81% at a $244,000 purchase. Equity gained on principal adds $1,574/yr, and 5% annual appreciation supports $67,413 over five years. Five-year ROI reaches 63.91% and total cumulative return in cash sums $51,694. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $978/mo property income instead of your personal income.
Single Family
Built in 1974
0.90 Acres 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: Paul Lauck • New Start Home Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22062626