704 Pace 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
Rental property for sale in Martinsville at 704 Pace St, Martinsville, VA, 24112 priced at $150,000 pairs $1,205/mo rent with $309/mo cash flow after a $734/mo payment. Total monthly income equals $1,205/mo, and annual cash flow comes to $3,702/yr on $49,725 invested. Return on cash invested is 27.35% in year one, and rental yield stands at 9.64% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 142.54% and total cumulative return in cash reaches $70,878. For financing, Ziffy Mortgage’s DSCR program evaluates $1,205/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
7,405 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: CATHY F SPENCER • THE SPENCER GROUP REAL ESTATE & AUCTION INC
Mls Name: RVAR
Mls ID: #919466