207 Richmond Ave, Smithfield, VA, 23430 | 7.15% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,612/mo, and a $2,146/mo payment. Purchase price stands at $438,527, and rental yield measures 7.15% with $2,612/mo rent. Return on cash invested shows 17.98% in year one, and 5% annual appreciation builds toward $121,157 over five years. Five-year ROI reaches 92.86% and total cumulative return in cash records $134,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,612/mo property income covering a $2,146/mo payment rather than investor’s personal income.

Multi Family

Built in 2025

N/A lot

$N/A/sqft

$225 monthly 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