286 Harris 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
Investment property for sale in Martinsville at 286 Harris St, Martinsville, VA, 24112 uses $49,062 cash to close to unlock $3,380/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,166/mo, and a $724/mo payment keeps the spread at $282/mo. Purchase price stands at $148,000, and rental yield measures 9.45% with $1,166/mo rent. Return on cash invested shows 26.8% in year one, and 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 139.54% and total cumulative return in cash records $68,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,166/mo property income covering a $724/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.65 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: Tiff Guilliams • KW Martinsville
Mls Name: MVMLS
Mls ID: #144624
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.