1500 Chatham Heights 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 1500 Chatham Heights Rd, Martinsville, VA, 24112 earns $714/mo cash flow from $2,209/mo rent with a $1,224/mo payment. Total monthly income totals $2,209/mo, and annual cash flow totals $8,570/yr on $82,875 capital. ROI tracks 30.25% on current figures, and rental yield reads 10.6% at a $249,999 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 158.06% and total cumulative return in cash sums $130,990. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,209/mo property income instead of your personal income.
Single Family
Built in 1946
0.95 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: MELISSA CURRY • NEST REALTY ROANOKE
Mls Name: RVAR
Mls ID: #920192