1688 Smith Creek RdNew MarketVA22844
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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 New Market at 1688 Smith Creek Rd, New Market, VA, 22844 generates $1,824/mo in rent, after a $1,725/mo payment. Total monthly income is $1,824/mo. Return on cash invested sits at 17% in year one, and rental yield is 6.21% on a $352,500 entry. Equity gained on principal adds $2,275/yr, while 5% annual appreciation builds toward $97,389 over five years. Five-year ROI reaches 87.02% and total cumulative return in cash sums $101,683. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,824/mo property income rather than buyer’s personal income.
Single Family
Built in 1896
29.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22844, New Market, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,123 (100%) |
| Owner Occupied HU | 1,319 (62.1%) |
| Renter Occupied HU | 531 (25.0%) |
| Vacant Housing Units | 273 (12.9%) |
| Median Home Value | $314,916 |
| Average Home Value | $399,321 |
Housing Distribution
Address Breakdown
Residential
1,880
Single Family
1,801
Multi-Family
79
Businesses
169
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Listed by: Michele Slowey • MICHELE M SLOWEY
Mls Name: GASAOR
Mls Provider:
Mls ID: #658700
Disclaimer: Copyright Greater Augusta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.