511 3rd 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 511 3rd St, Martinsville, VA, 24112 earns $272/mo cash flow from $1,078/mo rent with a $660/mo payment. Total monthly income totals $1,078/mo, and annual cash flow totals $3,262/yr on $44,719 capital. ROI tracks 27.2% on current figures, and rental yield reads 9.59% at a $134,900 purchase. Equity gained on principal adds $870/yr, and 5% annual appreciation supports $37,270 over five years. Five-year ROI reaches 141.7% and total cumulative return in cash sums $63,365. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,078/mo property income instead of your personal income.
Single Family
Built in 1951
4,007 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
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Listed by: Priscilla Oropeza • Divine Fog Realty Company
Mls Name: MVMLS
Mls ID: #144761
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.