245 Willow CtMartinsvilleVA24112
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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 245 Willow Ct, Martinsville, VA, 24112 priced at $254,999 converts $1,649/mo rent into $125/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,649/mo, and annual cash flow totals $1,497/yr on $84,532 invested. Return on cash invested prints 21.68% in year one, and rental yield reads 7.76% against a $254,999 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 112.06% and total cumulative return in cash sums $94,723. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,649/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1969
1.37 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: Haley Easter • Piedmont Realty
Mls Name: MVMLS
Mls ID: #145681