Looking for an affordable investment property with room to create value? At just $49,500, this property deserves a serious look!
PROPERTY HIGHLIGHTS
Approximately 750 Sq. Ft.
Approximately 0.25-Acre Lot
Built in 1953
Single-Story Home
One-Car Garage
Large Basement
Potential to Create a Third Bedroom
Potential Rental, Flip, or Value-Add Opportunity
THREE NEARBY COMPARABLE SALES
These nearby properties sold within approximately 0.26–0.35 mile of the subject property:
501 5th St, Martinsville, VA Sold for $195,000 February 6, 2026 1,143 Sq. Ft. | Built 1947 Approximately 0.26 mile away
1411 Roundabout Rd, Martinsville, VA Sold for $189,900 June 18, 2026 1,134 Sq. Ft. | Built 1964 Approximately 0.34 mile away
1309 Roundabout Rd, Martinsville, VA Sold for $133,000 March 11, 2026 912 Sq. Ft. | Built 1972 Approximately 0.35 mile away
WHY THESE SALES MATTER
All three properties sold for more than $130,000 and provide useful nearby market benchmarks.
At an asking price of only $49,500, investors have an opportunity to investigate the potential value created through renovations, basement improvements, and a possible third-bedroom configuration.
Comparable sales are market indicators, not guaranteed values for this property. Differences in condition, layout, finished area, and renovations must be considered.
RENTAL INCOME POTENTIAL
Nearby smaller-home rental listings have been advertised around $900–$1,150 per month.
At an illustrative rent of $900–$1,000 per month:
Potential Gross Annual Rent: $10,800–$12,000
Actual rental income will depend on the property's condition, verified bedroom count, market demand, and completed improvements.
PRELIMINARY INVESTOR NUMBERS
Asking Price: $49,500
Illustrative Cap Rate: 13.2%–15.1%
Potential Cash Flow if Purchased Cash: $545–$622/month before major repairs
These are preliminary estimates based on assumed rent and operating expenses—not guaranteed returns. Renovation costs, financing, closing costs, and capital expenditures could materially change the results.
ONLY $49,500!
Potential strategies include:
FIX & FLIP — Renovate and resell BUY & HOLD — Create a long-term rental BRRRR — Renovate, rent, refinance, and repeat VALUE-ADD — Evaluate the large basement and potential third-bedroom opportunity
MESSAGE ME TODAY for photos, property details, condition information, and additional investment information.