1303 Mulberry 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
Investment property for sale in Martinsville at 1303 Mulberry Rd, Martinsville, VA, 24112 uses $119,307 cash to close to unlock $9,721/yr annual cash flow and $810/mo monthly cash flow. Total monthly income runs $2,962/mo, and a $1,762/mo payment keeps the spread at $810/mo. Purchase price stands at $359,900, and rental yield measures 9.88% with $2,962/mo rent. Return on cash invested shows 28.06% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 146.3% and total cumulative return in cash records $174,542. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,962/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.55 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: Alice Elmore • Rives S. Brown REALTOR
Mls Name: MVMLS
Mls ID: #145673