16209 Smithfield Heights DrSmithfieldVA23430
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Smithfield at 16209 Smithfield Heights Dr, Smithfield, VA, 23430 generates $2,165/mo in rent and, after a $1,356/mo payment, leaves $509/mo in cash flow. Total monthly income is $2,165/mo, and annual cash flow is $6,107/yr on $91,826 invested. Return on cash invested sits at 26.56% in year one, and rental yield is 9.38% on a $277,000 entry. Equity gained on principal adds $1,787/yr, while 5% annual appreciation builds toward $76,530 over five years. Five-year ROI reaches 138.21% and total cumulative return in cash sums $126,915. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,165/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23430, Smithfield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,297 (100%) |
| Owner Occupied HU | 6,444 (77.7%) |
| Renter Occupied HU | 1,252 (15.1%) |
| Vacant Housing Units | 601 ( 7.2%) |
| Median Home Value | $411,774 |
| Average Home Value | $449,145 |
Housing Distribution
Address Breakdown
Residential
8,029
Single Family
8,029
Multi-Family
0
Businesses
345
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Listed by: Steffanie Battles • 1st Class Real Estate Flagship
Mls Name: REIN Inc.
Mls ID: #10613405