20524 Creekside 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
Investment property for sale in Smithfield at 20524 Creekside Dr, Smithfield, VA, 23430 offers a 7.88% rental yield on a $667,500 purchase with $4,382/mo rent. Total monthly income registers $4,382/mo, and a $3,267/mo payment leaves $392/mo available for distribution. Annual cash flow reaches $4,702/yr on $219,608 to close, and return on cash invested stands at 22.2% in year one. Equity gained on principal adds $4,307/yr while 5% annual appreciation supports $184,418 over five years. Portfolio math shows five-year ROI at 114.81% and total cumulative return in cash at $252,132. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,382/mo property income against a $3,267/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
1.31 Acres 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: Tina Donnell • Atlantic Sothebys Int'l Realty
Mls Name: REIN Inc.
Mls ID: #10611406