514 Hairston St · Martinsville, VA 24112

$119,500

3 bd · 1.5 ba · 1,296 sqft · Other public records · 193 Days on market

Built 1957 0.26 ac lot

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Why this score? — see what drove the C+ 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 +26.3/30.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• 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

An absolutely Charming home in the heart of Martinsville! This home features 3 beds and 1 full bath. This home has a ton of additional space to move about, including a unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable.

Key facts

• 0.26 acre lot
• 5 parking spots
• Built 1957

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath other listed at $120k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $105k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% 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); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 5 units permitted in Martinsville city in 2024 (5 in 5+ unit buildings).
• This rent runs 33% of the median local income ($49k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $826 of loan paydown is wiped out by about $4k 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 $33k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 193 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $61k; list at $120k implies a 96% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — 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 $105,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 193 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 1957 — 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: 1.14% ✓
• Cap rate: 9.39%
• Cash-on-cash: 11.06%
• DSCR: 1.49
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $256
• Equity at exit: $17,818

10-year hold

• IRR: 9.8%
• Equity multiple: 1.76×
• Total profit: $25,438
• Equity at exit: $10,332

Cash invested: $33,460 (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: 7.3×

Monthly cashflow live

• Estimated rent: $1,357 medium
• Mortgage (P&I): −$627
• Tax from tax record: −$87 /mo · $1,048/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $308

Break-even live

Break-even rent $967

Max offer price $119,500

Occupancy floor 72%

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: $29,875
• Closing costs: $3,585
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
900 Rives Rd Martinsville, VA	2.0	2.0	1248	$850	$0.68	13d	4	0.25mi
1002 Oak St Martinsville, VA	3.0	1.0	884	$1,263	$1.43	43d	1	0.77mi
1305 Oakgrove Ave Martinsville, VA	4.0	1.0	1085	$1,700	$1.57	43d	1	0.78mi
35 Circle Dr Martinsville, VA	3.0	1.0	960	$1,263	$1.32	43d	1	1.21mi

Listing history 44 events

1. 2026-05-31
   days on market $119,500 Active 193 DOM
2. 2026-05-30
   days on market $119,500 Active 192 DOM
3. 2026-05-14
   price $119,550 332-char remark

   Show marketing remark (410 chars)

   An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

4. 2026-05-14
   price $119,550 410-char remark

   Show marketing remark (410 chars)

   An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

5. 2026-05-07
   price $119,575 332-char remark

   Show marketing remark (410 chars)

   An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

6. 2026-05-07
   price $119,575 410-char remark

   Show marketing remark (410 chars)

   An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

7. 2026-04-30
   price $119,600 332-char remark

   Show marketing remark (410 chars)

   An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

8. 2026-04-30
   price $119,600 410-char remark

   Show marketing remark (410 chars)

   An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

9. 2026-04-23
   price $119,625 332-char remark

   Show marketing remark (410 chars)

   An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

10. 2026-04-23
    price $119,625 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

11. 2026-04-16
    price $119,650 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

12. 2026-04-16
    price $119,650 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

13. 2026-04-09
    price $119,675 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

14. 2026-04-09
    price $119,675 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

15. 2026-04-02
    price $119,700 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

16. 2026-04-02
    price $119,700 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

17. 2026-03-26
    price $119,725 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

18. 2026-03-26
    price $119,725 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

19. 2026-03-19
    price $119,750 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

20. 2026-03-19
    price $119,750 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

21. 2026-03-12
    price $119,775 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

22. 2026-03-12
    price $119,775 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

23. 2026-03-05
    price $119,800 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

24. 2026-03-05
    price $119,800 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

25. 2026-02-26
    price $119,825 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

26. 2026-02-26
    price $119,825 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

27. 2026-02-19
    price $119,850 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

28. 2026-02-19
    price $119,850 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

29. 2026-02-12
    price $119,875 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

30. 2026-02-12
    price $119,875 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

31. 2026-02-05
    price $119,900 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

32. 2026-02-05
    price $119,900 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

33. 2026-01-29
    price $119,925 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

34. 2026-01-22
    price $119,950 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

35. 2026-01-22
    price $119,950 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

36. 2026-01-15
    price $119,975 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

37. 2026-01-15
    price $119,975 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

38. 2026-01-05
    price $120,000 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

39. 2026-01-05
    price $120,000 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

40. 2025-12-18
    price $139,975 332-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

41. 2025-12-18
    price $139,975 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

42. 2025-11-19
    listed $140,000 Active 410-char remark

    Show marketing remark (410 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 2 beds and 2 full baths. This home has a ton of additional space to move about, including an unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable. Schools: Albert Harris Elementary, Martinsville middle & high school.

43. 2025-10-17
    listed $140,000 Active 332-char remark

    Show marketing remark (332 chars)

    An absolutely Charming home in the heart of Martinsville! This home features 3 beds and 1 full bath. This home has a ton of additional space to move about, including a unfinished basement that could be utilized as a family room, den, or additional sleeping quarters. Not to enter the sunroom at the back of the house it is unstable.

44. 1996-08-20
    soldstatus $61,000

ⓘ 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: $1,048 · $87/mo
• Projected year-2 tax: $1,048 · $87/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: $16,285
• − Mortgage interest: −$6,694
• − Property taxes: −$1,048
• − Insurance: −$598
• − Repairs & maintenance: −$1,303
• − Management: −$1,303
• − Depreciation: −$3,476
• Taxable income: $1,864
• Est. tax owed @ 24.0%: −$447
• After-tax cash flow: $3,253/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

+96.0% since first listed

42 events — show timeline

• 2026-05-14 Price Changed $119,550 MHPCAR
• 2026-05-14 Price Changed $119,550 MLSRV
• 2026-05-07 Price Changed $119,575 MHPCAR
• 2026-05-07 Price Changed $119,575 MLSRV
• 2026-04-30 Price Changed $119,600 MHPCAR
• 2026-04-30 Price Changed $119,600 MLSRV
• 2026-04-23 Price Changed $119,625 MHPCAR
• 2026-04-23 Price Changed $119,625 MLSRV
• 2026-04-16 Price Changed $119,650 MHPCAR
• 2026-04-16 Price Changed $119,650 MLSRV
• 2026-04-09 Price Changed $119,675 MHPCAR
• 2026-04-09 Price Changed $119,675 MLSRV
• 2026-04-02 Price Changed $119,700 MHPCAR
• 2026-04-02 Price Changed $119,700 MLSRV
• 2026-03-26 Price Changed $119,725 MHPCAR
• 2026-03-26 Price Changed $119,725 MLSRV
• 2026-03-19 Price Changed $119,750 MHPCAR
• 2026-03-19 Price Changed $119,750 MLSRV
• 2026-03-12 Price Changed $119,775 MHPCAR
• 2026-03-12 Price Changed $119,775 MLSRV
• 2026-03-05 Price Changed $119,800 MHPCAR
• 2026-03-05 Price Changed $119,800 MLSRV
• 2026-02-26 Price Changed $119,825 MHPCAR
• 2026-02-26 Price Changed $119,825 MLSRV
• 2026-02-19 Price Changed $119,850 MHPCAR
• 2026-02-19 Price Changed $119,850 MLSRV
• 2026-02-12 Price Changed $119,875 MHPCAR
• 2026-02-12 Price Changed $119,875 MLSRV
• 2026-02-05 Price Changed $119,900 MHPCAR
• 2026-02-05 Price Changed $119,900 MLSRV
• 2026-01-29 Price Changed $119,925 MLSRV
• 2026-01-22 Price Changed $119,950 MHPCAR
• 2026-01-22 Price Changed $119,950 MLSRV
• 2026-01-15 Price Changed $119,975 MHPCAR
• 2026-01-15 Price Changed $119,975 MLSRV
• 2026-01-05 Price Changed $120,000 MHPCAR
• 2026-01-05 Price Changed $120,000 MLSRV
• 2025-12-18 Price Changed $139,975 MHPCAR
• 2025-12-18 Price Changed $139,975 MLSRV
• 2025-11-19 Listed $140,000 MLSRV
• 2025-10-17 Listed $140,000 MHPCAR
• 1996-08-20 Sold (Public Records) $61,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $1,048 · +15.3% YoY. Source: county tax records.