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38
Values dip to $152K, 26 comps confirm
Updated 13 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
This property shows promising rent potential, with estimated monthly income ranging from $1,279 to $1,350. These figures align well with local market trends for similar single-family homes, offering a reliable path for steady rental revenue. Investors can expect a solid rental yield of approximately 9.86%. With consistent market appreciation adding roughly $2,123 annually, this home serves as a dependable asset for those looking to build wealth through residential leasing.
More about this home
Neighborhood Assessment
Martinsville’s Pike Street area is classic small-town Midwest, where you’ll get friendly neighbors and a sense of community. The neighborhood is within quick reach of Poston Road Elementary and John R. Wooden Middle School, both rated a solid 7—not perfect, but definitely reassuring when it comes to families thinking long-term. You’ve also got easy access to groceries and basic conveniences without heavy traffic or city grind. The street’s an interesting mix: homes ranging from $94K up to $173K, so there’s clear demand for comfortable, affordable living. Most are older properties, but there’s been visible investment and remodeling popping up. That means buyers expect some updates, but there’s potential if you put in the right touches. Just watch the flood risk—insurance is a must, but you probably already knew that.
Market Activity
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539 W Pike St, Martinsville Investment Report: Flip & Rental Analysis · Frontflip
Rental Income
$16K
Yield
9.9%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts appeal, lifting the value per square foot to roughly 144 dollars compared to the 138 dollar baseline. This represents a 5 percent increase, helping your property shine in a competitive market. Refreshing your space offers a smart boost to your selling potential, targeting up to 189,000 dollars. For investors, these updates attract quality tenants, ensuring your property remains a desirable, modern choice that stands out to everyone.
Value Add
$8K
Appreciation
$2K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a post-renovation value between $171,000 and $189,000. With a solid projected rental income of $1,422 monthly, the asset delivers an attractive 9.5% yield, making it a viable candidate for a disciplined BRRRR investor. The project shows steady potential, though the renovation upside remains modest. Given the target market and rental demand, this investment presents a balanced risk-reward profile for those prioritizing consistent cash flow over rapid, high-margin capital gains.
Rental Income
$17K
Yield
9.5%
Appreciation
$2K
Year 1 Estimates, Post Typical Renovation
Asking price
$160K
$22.6K below comp median
Comparative Market Analysis
$119K – $295K
~49 days to sell
Based on 8 comps