Hanna Dr #38LFS2MartinsvilleIN46151
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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 Hanna Dr #38LFS2, Martinsville, IN, 46151 listed at $291,800 pairs $2,857/mo rent with a $1,428/mo payment to leave $1,106/mo cash flow. Total monthly income runs $2,857/mo, and annual cash flow reaches $13,267/yr on $96,732 cash to close. Return on cash invested measures 33.62% in year one, and rental yield registers 11.75% at a $291,800 basis. Equity gained on principal adds $1,883/yr, and annual property appreciation at 5% supports $80,619 by year five. Five-year ROI tracks 176.15% and total cumulative return in cash totals $170,393. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,857/mo property income relative to a $1,428/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in N/A
N/A 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A