1810 Spruce StMartinsvilleVA24112
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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
Rental property for sale in Martinsville at 1810 Spruce St, Martinsville, VA, 24112 offers $1,589/mo rent that, after a $690/mo payment, leaves $746/mo cash flow. Total monthly income is $1,589/mo, and annual cash flow is $8,955/yr on $46,742 cash. Return on cash invested measures 39.07% in year one, and rental yield stands at 13.52% at a $141,000 entry. Equity gained on principal adds $910/yr while 5% annual appreciation compounds into $38,956 by year five. Five-year ROI records 205.39% and total cumulative return in cash reaches $96,000. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,589/mo property income versus a $690/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
4,356 sqft 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: Angie Ancheta • Piedmont Realty
Mls Name: MVMLS
Mls ID: #141863
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.