1109 Burchland Dr · Martinsville, VA 24112

$49,900

2 bd · 1.0 ba · 884 sqft · Other public records · 335 Days on market

Built 1954 0.50 ac lot $56/sqft · 11% below area Est $56k · 11% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +12.6/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

Key facts

• 0.5 acre lot
• Garage
• Built 1954

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $50k.

Deal economics

• At list price, monthly cash flow is $537 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.2% vs local median 5.9% in Martinsville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#231 in VA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, schools B; Watch: amenities F, commute F, employment D-.
• Martinsville City Public School District (town): math 29% / reading 53% proficiency, ranked #122 of 131 in VA (top 93%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 256 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 5 units permitted in Martinsville city in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $345 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Martinsville County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 335 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $35k (41%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $50k implies a 79% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $43,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 335 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.17% ✓
• Cap rate: 19.21%
• Cash-on-cash: 46.13%
• DSCR: 3.05
• GRM: 3.8

CMA / ARV

• ARV (median comp): $56,330
• List price: $49,900
• Delta: -11.41%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 43.3%
• Equity multiple: 2.87×
• Total profit: $26,121
• Equity at exit: $7,440

10-year hold

• IRR: 49.4%
• Equity multiple: 5.78×
• Total profit: $66,791
• Equity at exit: $4,314

Cash invested: $13,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 24112

• Active inventory: 256
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,082 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$35 /mo · $418/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $537

Break-even live

Break-even rent $402

Max offer price $49,900

Occupancy floor 45%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1002 Oak St Martinsville, VA	3.0	1.0	884	$1,263	$1.43	43d	1	0.36mi
35 Circle Dr Martinsville, VA	3.0	1.0	960	$1,263	$1.32	43d	1	1.01mi
300 Dye Plant Rd Apt F Martinsville, VA	2.0	1.0	739	$875	$1.18	43d	1	1.13mi
509 Monroe St Unit 6 Martinsville, VA	2.0	1.0	655	$875	$1.34	43d	1	1.22mi

Listing history 29 events

1. 2026-06-19
   days on market $49,900 Active 335 DOM
2. 2026-06-18
   days on market $49,900 Active 334 DOM
3. 2026-06-17
   days on market $49,900 Active 333 DOM
4. 2026-06-16
   days on market $49,900 Active 332 DOM
5. 2026-06-15
   days on market $49,900 Active 331 DOM
6. 2026-06-14
   days on market $49,900 Active 329 DOM
7. 2026-06-12
   days on market $49,900 Active 328 DOM
8. 2026-06-09
   days on market $49,900 Active 325 DOM
9. 2026-06-09
   price $49,900 Active 324 DOM
10. 2026-06-08
    days on market $59,900 Active 324 DOM
11. 2026-06-07
    days on market $59,900 Active 323 DOM
12. 2026-06-02
    days on market $59,900 Active 318 DOM
13. 2026-06-01
    days on market $59,900 Active 317 DOM
14. 2026-05-31
    days on market $59,900 Active 316 DOM
15. 2026-05-30
    days on market $59,900 Active 315 DOM
16. 2026-03-03
    status Active 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

17. 2025-10-29
    status Pending 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

18. 2025-08-12
    status Active 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

19. 2025-08-08
    historical Active Under Contract 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

20. 2025-08-06
    price $59,900 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

21. 2025-08-06
    status Active 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

22. 2025-07-09
    historical Active Under Contract 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

23. 2025-06-02
    price $64,900 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

24. 2025-05-13
    price $74,900 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

25. 2025-04-07
    price $79,900 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

26. 2025-03-17
    listed $84,900 Active 426-char remark

    Show marketing remark (426 chars)

    Check out this 2-bedroom, 1-bath home with 884 sq. ft. of potential! Please note, seller is Selling AS-IS, this property is a great investment opportunity or a perfect fit for someone looking to downsize. With a little TLC, this home could shine! It's ready for your personal touch. Conveniently located in the city of Martinsville, this is an opportunity you don't want to miss! Schedule your showing. All offers are welcome!

27. 2023-11-20
    soldstatus $27,800
28. 1996-05-09
    soldstatus $27,800
29. 1993-09-30
    soldstatus $29,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $418 · $35/mo
• Projected year-2 tax: $418 · $35/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,978
• − Mortgage interest: −$2,795
• − Property taxes: −$418
• − Insurance: −$250
• − Repairs & maintenance: −$1,038
• − Management: −$1,038
• − Depreciation: −$1,452
• Taxable income: $5,987
• Est. tax owed @ 24.0%: −$1,437
• After-tax cash flow: $5,008/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Martinsville City Public School District
• NCES district ID: 5102400
• Math proficiency: 29% ▼ -51.00%
• Reading proficiency: 53% ▼ -14.00%
• Median HH income: $31,215
• Composite: 33.43/100
• National rank: #5467
• State rank: #122 of 131 in VA

Livability — Martinsville

• Score: 70/100
• State rank: #231
• US rank: #7826

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment D- Housing B Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Martinsville, VA
• County: Martinsville City · 31,028 people
• City population: 31,028
• Metro: Martinsville, VA
• Population (ZIP): 31,028
• Household income: $48,770
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 888.0

Population outlook (Martinsville County) Hauer SSP2

• Today (2025): 13,026 people
• By 2030: 12,673 · -2.7%
• By 2040: 11,933 · -8.4%
• By 2050: 11,136 · -14.5%
• By 2075: 9,886 · -24.1%
• By 2100: 8,334 · -36.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 50% Black 38% Hispanic / Latino 7% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Martinsville

• 2024 margin: Strong D (+22.6) · D 60.7% · R 38.1% · Other 1.2%
• 2008→2024 swing: -5.4pp toward R · 2008: 28.0pp · 2024: 22.6pp
• All cycles: 2024: D+22.6 2020: D+26.6 2016: D+23.5 2012: D+24.6 2008: D+28.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.37%
• Current HPI: 172.4393
• Rent YoY: —
• Metro: Martinsville, VA
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

+100.3% since first listed

14 events — show timeline

• 2026-03-03 Relisted — MHPCAR
• 2025-10-29 Pending — MHPCAR
• 2025-08-12 Relisted — MHPCAR
• 2025-08-08 Contingent — MHPCAR
• 2025-08-06 Price Changed $59,900 MHPCAR
• 2025-08-06 Relisted — MHPCAR
• 2025-07-09 Contingent — MHPCAR
• 2025-06-02 Price Changed $64,900 MHPCAR
• 2025-05-13 Price Changed $74,900 MHPCAR
• 2025-04-07 Price Changed $79,900 MHPCAR
• 2025-03-17 Listed $84,900 MHPCAR
• 2023-11-20 Sold (Public Records) $27,800 Public Records
• 1996-05-09 Sold (Public Records) $27,800 Public Records
• 1993-09-30 Sold (Public Records) $29,900 Public Records

Property tax history

+4.2%/yr

Latest (2025): $418 · +31.2% YoY. Source: county tax records.