1111 Oakgrove AveMartinsvilleVA24112
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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 1111 Oakgrove Ave, Martinsville, VA, 24112 with 5% annual appreciation on a $111,600 basis while $1,400/mo rent supports operations. Total monthly income totals $1,400/mo and a $546/mo payment preserves $733/mo for cash returns. Annual cash flow comes to $8,797/yr on $36,995 deployed, and return on cash invested reaches 43.69% in year one. Equity gained on principal adds $720/yr, and five-year appreciation sums $30,833 alongside rental yield of 15.05%. Five-year ROI measures 230.23% and total cumulative return in cash totals $85,174.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,400/mo property income versus a $546/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Home Type Unknown
Built in 1951
0.57 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: N/A • N/A
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