213 Richmond AveSmithfieldVA23430
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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 213 Richmond Ave, Smithfield, VA, 23430 listed at $438,527 pairs $2,789/mo rent with a $2,146/mo payment. Total monthly income runs $2,789/mo. Return on cash invested measures 19.44% in year one, and rental yield registers 7.63% at a $438,527 basis. Equity gained on principal adds $2,830/yr, and annual property appreciation at 5% supports $121,157 by year five. Five-year ROI tracks 100.7% and total cumulative return in cash totals $146,392. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,789/mo property income relative to a $2,146/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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 |
Housing Distribution
Address Breakdown
Residential
8,029
Single Family
8,029
Multi-Family
0
Businesses
345
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Listed by: Brie Flyge • Cornerstone Homes
Mls Name: Cornerstone Homes
Mls ID: #N/A