Hanna Dr #QBEWPYMartinsvilleIN46151
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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
Rental property for sale in Martinsville at Hanna Dr #QBEWPY, Martinsville, IN, 46151 priced at $278,600 converts $2,694/mo rent into $1,021/mo cash flow after a $1,364/mo obligation. Total monthly income equals $2,694/mo, and annual cash flow totals $12,255/yr on $92,356 invested. Return on cash invested prints 33.18% in year one, and rental yield reads 11.6% against a $278,600 entry. Equity gained on principal adds $1,798/yr, while 5% annual appreciation compiles into $76,972 by year five. Five-year ROI reaches 173.79% and total cumulative return in cash sums $160,501. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,694/mo property income covering a $1,364/mo payment, not borrower’s personal income.
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
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