222 Richmond Ave #20-1SmithfieldVA23430
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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 222 Richmond Ave #20-1, Smithfield, VA, 23430 earns from $2,340/mo rent with a $2,138/mo payment. Total monthly income totals $2,340/mo. ROI tracks 17.66% on current figures, and rental yield reads 6.43% at a $436,743 purchase. Equity gained on principal adds $2,818/yr, and 5% annual appreciation supports $120,664 over five years. Five-year ROI reaches 90.51% and total cumulative return in cash sums $131,036. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,340/mo property income instead of your personal income.
Single Family
Built in 2025
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: Francis Lackman • CH Realty LLC
Mls Name: REIN Inc.
Mls ID: #10605526