166 Summit View DrMartinsvilleVA24112
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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 166 Summit View Dr, Martinsville, VA, 24112 earns $938/mo cash flow from $2,008/mo rent with a $876/mo payment. Total monthly income totals $2,008/mo, and annual cash flow totals $11,258/yr on $59,305 capital. ROI tracks 38.89% on current figures, and rental yield reads 13.47% at a $178,900 purchase. Equity gained on principal adds $1,154/yr, and 5% annual appreciation supports $49,427 over five years. Five-year ROI reaches 204.42% and total cumulative return in cash sums $121,231. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,008/mo property income instead of your personal income.
Single Family
Built in 1958
0.90 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: Colby Sarver • Sarver Properties
Mls Name: MVMLS
Mls ID: #145406
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.