2055 Appalachian DrMartinsvilleVA24112
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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 2055 Appalachian Dr, Martinsville, VA, 24112 priced at $120,000 converts $1,150/mo rent into $433/mo cash flow after a $587/mo obligation. Total monthly income equals $1,150/mo, and annual cash flow totals $5,196/yr on $39,780 invested. Return on cash invested prints 32.97% in year one, and rental yield reads 11.5% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 172.6% and total cumulative return in cash sums $68,659. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,150/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.25 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: Claudia Martinez • REAL BROKER LLC - MCLEAN
Mls Name: RVAR
Mls Provider:
Mls ID: #915409
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