989 E Morgan StMartinsvilleIN46151
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 989 E Morgan St, Martinsville, IN, 46151 in Martinsville. At $224,900 it earns $1,734/mo in rent and distributes $384/mo to the owner after the $1,066/mo payment, a consistent 9.25% yield. DSCR 1.63 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $62,136 in value; $1,885/yr in principal paydown compounds ownership stake. Total projected return: $105,612.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.0% |
| Monthly Cash Flow | $384 | $300 |
City averages based on Martinsville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,734 |
| Total Monthly Debt Service | $1,315 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
8,712 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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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
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22124412
