222 Pine StMartinsvilleVA24112
Nearby investment properties with comparable rents
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 222 Pine St, Martinsville, VA, 24112 generates $1,092/mo in rent and, after a $562/mo payment, leaves $406/mo in cash flow. Total monthly income is $1,092/mo, and annual cash flow is $4,866/yr on $38,089 invested. Return on cash invested sits at 32.68% in year one, and rental yield is 11.4% on a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 171.14% and total cumulative return in cash sums $65,186. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,092/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
7,492 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cody Williams • Berry-Elliott, REALTORS
Mls Name: MVMLS
Mls ID: #144197
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.