607 Watt St, Martinsville, VA, 24112 | $615/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Martinsville at 607 Watt St, Martinsville, VA, 24112 at $249,500 posts ROI 28.83% with $615/mo cash flow from $2,106/mo rent. Total monthly income equals $2,106/mo, and annual cash flow records $7,377/yr on $82,709 to close. Return on cash invested measures 28.83% and rental yield reads 10.13% at the current $249,500. Equity gained on principal adds $1,610/yr, and 5% annual appreciation supports $68,932 by year five. Five-year ROI prints 150.41% and total cumulative return in cash totals $124,401.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,106/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1938

8,842 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