1018 Morningside LnMartinsvilleVA24112
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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 1018 Morningside Ln, Martinsville, VA, 24112 listed at $152,500 pairs $2,227/mo rent with a $746/mo payment to leave $1,265/mo cash flow. Total monthly income runs $2,227/mo, and annual cash flow reaches $15,180/yr on $50,554 cash to close. Return on cash invested measures 49.94% in year one, and rental yield registers 17.52% at a $152,500 basis. Equity gained on principal adds $984/yr, and annual property appreciation at 5% supports $42,133 by year five. Five-year ROI tracks 264.03% and total cumulative return in cash totals $133,475. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,227/mo property income relative to a $746/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24112, Martinsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,884 (100%) |
| Owner Occupied HU | 9,113 (57.4%) |
| Renter Occupied HU | 4,550 (28.6%) |
| Vacant Housing Units | 2,221 (14.0%) |
| Median Home Value | $134,764 |
| Average Home Value | $177,063 |
Housing Distribution
Address Breakdown
Residential
14,304
Single Family
13,486
Multi-Family
818
Businesses
1,041
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Listed by: Tammy Slusher • Century 21 ALL-SERVICE-BED
Mls Name: LMLS
Mls Provider:
Mls ID: #360506
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.