606 Watt 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 606 Watt St, Martinsville, VA, 24112 uses $58,013 cash to close to unlock $3,809/yr annual cash flow and $317/mo monthly cash flow. Total monthly income runs $1,364/mo, and a $857/mo payment keeps the spread at $317/mo. Purchase price stands at $175,000, and rental yield measures 9.35% with $1,364/mo rent. Return on cash invested shows 26.47% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 137.82% and total cumulative return in cash records $79,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,364/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1920
9,583 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: ELLE WILK • SOUTHERN VIRGINIA PROPERTIES
Mls Name: RVAR
Mls ID: #922699