345 S Church StSmithfieldVA23430
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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
Rental property for sale in Smithfield at 345 S Church St, Smithfield, VA, 23430 priced at $1,895,000 converts $5,528/mo rent into after a $9,275/mo obligation. Total monthly income equals $5,528/mo. Return on cash invested prints 9.03% in year one, and rental yield reads 3.5% against a $1,895,000 entry. Equity gained on principal adds $12,228/yr, while 5% annual appreciation compiles into $523,554 by year five. Five-year ROI reaches 44.15% and total cumulative return in cash sums $271,061. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,528/mo property income covering a $9,275/mo payment, not borrower’s personal income.
Single Family
Built in 1902
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: Jimmy Auvil • 1st Advantage Realty LLC
Mls Name: REIN Inc.
Mls ID: #10614153