222 Richmond AveSmithfieldVA23430
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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, Smithfield, VA, 23430 at $436,743 posts ROI 20.58% with $81/mo cash flow from $2,692/mo rent. Total monthly income equals $2,692/mo, and annual cash flow records $970/yr on $144,780 to close. Return on cash invested measures 20.58% and rental yield reads 7.4% at the current $436,743. Equity gained on principal adds $2,818/yr, and 5% annual appreciation supports $120,664 by year five. Five-year ROI prints 106.16% and total cumulative return in cash totals $153,692.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,692/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
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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Nearby investment properties with comparable prices
Listed by: Craig Logue • Cornerstone Homes
Mls Name: Cornerstone Homes
Mls ID: #N/A