1234 Lanier RdMartinsvilleVA24112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1234 Lanier Rd, Martinsville, VA, 24112 priced at $325,000 converts $2,406/mo rent into $463/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,406/mo, and annual cash flow totals $5,555/yr on $107,738 invested. Return on cash invested prints 25.06% in year one, and rental yield reads 8.88% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 130.21% and total cumulative return in cash sums $140,281. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,406/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1968
2.51 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: Rives Coleman • Rives S. Brown REALTOR
Mls Name: MVMLS
Mls ID: #142105
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.