111 Spring StMartinsvilleVA24112
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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 111 Spring St, Martinsville, VA, 24112 with 5% annual appreciation on a $122,500 basis while $932/mo rent supports operations. Total monthly income totals $932/mo and a $600/mo payment preserves $199/mo for cash returns. Annual cash flow comes to $2,391/yr on $40,609 deployed, and return on cash invested reaches 25.8% in year one. Equity gained on principal adds $790/yr, and five-year appreciation sums $33,844 alongside rental yield of 9.13%. Five-year ROI measures 134.22% and total cumulative return in cash totals $54,504.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $932/mo property income versus a $600/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
8,624 sqft 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: Warren Rodgers • Warren Rodgers Realty
Mls Name: MVMLS
Mls ID: #142097
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.