1044 Barrows Mill RdMartinsvilleVA24112
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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 1044 Barrows Mill Rd, Martinsville, VA, 24112 generates $950/mo in rent and, after a $604/mo payment, leaves $212/mo in cash flow. Total monthly income is $950/mo, and annual cash flow is $2,548/yr on $40,907 invested. Return on cash invested sits at 26.14% in year one, and rental yield is 9.24% on a $123,400 entry. Equity gained on principal adds $796/yr, while 5% annual appreciation builds toward $34,093 over five years. Five-year ROI reaches 136.04% and total cumulative return in cash sums $55,651. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $950/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
1.10 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: Chassity Wall • Piedmont Realty
Mls Name: MVMLS
Mls ID: #145410