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11
Values Up to $267K, Rent Steady
Updated 10 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows excellent rent potential for investors in Martinsville. Based on local market trends, you can expect a monthly rental income between $1,456 and $1,572, offering a solid yield of approximately 11.73% for landlords. With an estimated annual appreciation of $2,056, this home presents a reliable long-term investment opportunity. These figures demonstrate steady demand for similar two-bedroom rentals, making it a strong candidate for your growing rental portfolio.
More about this home
Neighborhood Assessment
Martinsville’s east side is a classic Midwestern spot with a friendly, close-knit vibe. You’ve got public schools all within a short walk—Charles L Smith Elementary is about half a mile and John R. Wooden Middle just a bit further. There aren’t giant malls or major new retail developments right on this stretch of York Street, but you’re never far from local shops and essentials downtown. For commuters, quick access to IN-37 means you’re connected to Bloomington and Indy, which is pretty handy. Homes along E York St are selling around $108K-$195K, and the area remains affordable, steady, and safe, though it’s got a moderate flood risk so keep that insurance up to date!
Market Activity
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Rental Income
$18K
Yield
11.7%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Modernizing your home creates a refreshed, inviting space that resonates with buyers. While market data shows a modest 5% shift in price per square foot, quality updates foster a lifestyle upgrade that improves overall property desirability. These enhancements offer competitive advantages, particularly for long-term rental income, which climbs to over $2,000 monthly. Investing in thoughtful renovations unlocks better tenant appeal and ensures your property remains a vibrant, stand-out home in this neighborhood.
Comps
4
Buy-Rehab-Rent
This property offers solid potential with an after-repair value between $212,000 and $235,000. Leveraging a smart renovation will align this home with local market standards, maximizing equity capture and setting a strong foundation for long-term growth. Projected rental income of $1,642.50 per month delivers a healthy 8.8% yield. Given the steady rental demand in this area, the property serves as a reliable cash-flow asset with moderate appreciation potential for any investor’s portfolio.
Rental Income
$20K
Yield
8.8%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$155K
$73.8K below comp median
Comparative Market Analysis
$193K – $295K
~45 days to sell
Based on 8 comps
1039 E York St, Martinsville Investment Report: Flip & Rental Analysis · Frontflip