3423 Smith Creek RdNew MarketVA22844
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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 New Market at 3423 Smith Creek Rd, New Market, VA, 22844 earns $345/mo cash flow from $2,228/mo rent with a $1,542/mo payment. Total monthly income totals $2,228/mo, and annual cash flow totals $4,137/yr on $104,423 capital. ROI tracks 23.87% on current figures, and rental yield reads 8.49% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 123.82% and total cumulative return in cash sums $129,293. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,228/mo property income instead of your personal income.
Single Family
Built in 1973
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22844, New Market, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,123 (100%) |
| Owner Occupied HU | 1,319 (62.1%) |
| Renter Occupied HU | 531 (25.0%) |
| Vacant Housing Units | 273 (12.9%) |
| Median Home Value | $314,916 |
| Average Home Value | $399,321 |
Housing Distribution
Address Breakdown
Residential
1,880
Single Family
1,801
Multi-Family
79
Businesses
169
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Listed by: Amanda Gulla • Preslee Real Estate
Mls Name: CAAR
Mls Provider:
Mls ID: #665221