60 Elijah CirMartinsvilleVA24112
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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 60 Elijah Cir, Martinsville, VA, 24112 priced at $115,000 converts $900/mo rent into $212/mo cash flow after a $563/mo obligation. Total monthly income equals $900/mo, and annual cash flow totals $2,549/yr on $38,123 invested. Return on cash invested prints 26.6% in year one, and rental yield reads 9.39% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 138.49% and total cumulative return in cash sums $52,797. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1920
3,772 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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