951 W Plaza Dr #7BMartinsvilleIN46151
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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 951 W Plaza Dr #7B, Martinsville, IN, 46151 uses $62,952 cash to close to unlock $486/yr annual cash flow and $41/mo monthly cash flow. Total monthly income runs $1,180/mo, and a $929/mo payment keeps the spread at $41/mo. Purchase price stands at $189,900, and rental yield measures 7.46% with $1,180/mo rent. Return on cash invested shows 20.68% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 106.76% and total cumulative return in cash records $67,205. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,180/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 1995
2,090 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: Julie Jennings • Jennings Real Estate, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22048620