913 Myrtle RdMartinsvilleVA24112
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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 913 Myrtle Rd, Martinsville, VA, 24112 offers a 12.25% rental yield on a $165,000 purchase with $1,684/mo rent. Total monthly income registers $1,684/mo, and a $808/mo payment leaves $697/mo available for distribution. Annual cash flow reaches $8,367/yr on $54,698 to close, and return on cash invested stands at 35.21% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 184.66% and total cumulative return in cash at $101,003. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,684/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.47 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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Listed by: RONNIE SPENCER • THE SPENCER GROUP REAL ESTATE & AUCTION INC
Mls Name: RVAR
Mls Provider:
Mls ID: #921543
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