Frontflip
Deals
My Reports
Get the iOS app
Invite
Settings
Login / Sign up
Deals
My Reports
4
Value holds at $199K, 8 comps verify
Updated 14 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property at 1139 South Ohio Street shows strong rental potential within the Martinsville market. Investors can expect monthly income between $1,369 and $1,445, supported by local demand for similar three-bedroom, single-family homes. With an attractive estimated annual yield of 14.08%, this investment offers a solid opportunity for consistent cash flow. Given the steady market appreciation, this home is a promising candidate for building a reliable rental portfolio.
More about this home
Neighborhood Assessment
Martinsville’s south Ohio Street neighborhood offers quiet suburban living just blocks from well-rated schools like Poston Road Elementary and John R. Wooden Middle, both a breezy half-mile walk away. It’s a stable, established area with mostly single-family homes, minimal natural disaster risk, and convenient access to daily needs, but it isn’t packed with big-city amenities or nightlife. Home values in the area, based on nearby comps, hover from $150K to $230K for similar properties, with your 3-bed, 1-bath, 1,082 sqft home listed on the value-friendly end of the spectrum.
Market Activity
+ Ask a question in the app
Rental Income
$17K
Yield
14.1%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Updating your home adds significant value, increasing the price per square foot from $178 to $194—an impressive 9% boost. This refresh helps your property shine, unlocking higher sales potential and capturing the attention of modern buyers. These improvements elevate your investment, potentially lifting your sale price toward $216,000. While rental income remains steady, the enhanced interior creates a more desirable living space, making your home a standout choice in this neighborhood.
Value Add
$17K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value estimated between $195,000 and $216,000. Achieving the upper end of this range provides solid equity capture if purchase and rehab costs remain strictly controlled. Projected annual rental income of $17,388 generates a healthy 8.5% yield. This asset provides a stable income stream, making it a reliable option for investors targeting long-term growth and consistent cash flow in this market.
Rental Income
$17K
Yield
8.5%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$120K
$84.1K below comp median
Comparative Market Analysis
$168K – $228K
~96 days to sell
Based on 8 comps
1139 S Ohio St, Martinsville Investment Report: Flip & Rental Analysis · Frontflip