808 Spruce StMartinsvilleVA24112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 808 Spruce St, Martinsville, VA, 24112 at $160,000 posts ROI 26.98% with $313/mo cash flow from $1,269/mo rent. Total monthly income equals $1,269/mo, and annual cash flow records $3,752/yr on $53,040 to close. Return on cash invested measures 26.98% and rental yield reads 9.52% at the current $160,000. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 by year five. Five-year ROI prints 140.5% and total cumulative return in cash totals $74,522.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,269/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1945
9,452 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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Nearby investment properties with comparable prices
Listed by: Lindsey Godlove • Berry-Elliott, REALTORS
Mls Name: MVMLS
Mls ID: #145211