2744 Spruce 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
Investment property for sale in Martinsville at 2744 Spruce St, Martinsville, VA, 24112 at $149,900 posts ROI 21.11% with $50/mo cash flow from $946/mo rent. Total monthly income equals $946/mo, and annual cash flow records $595/yr on $49,692 to close. Return on cash invested measures 21.11% and rental yield reads 7.57% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 109.03% and total cumulative return in cash totals $54,179.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $946/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1754
0.55 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Priscilla Oropeza • Divine Fog Realty Company
Mls Name: MVMLS
Mls ID: #145125
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.