374 Oak Hill LnSmithfieldVA23430
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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 374 Oak Hill Ln, Smithfield, VA, 23430 uses $152,457 cash to close to unlock $525/yr annual cash flow and $44/mo monthly cash flow. Total monthly income runs $2,793/mo, and a $2,251/mo payment keeps the spread at $44/mo. Purchase price stands at $459,900, and rental yield measures 7.29% with $2,793/mo rent. Return on cash invested shows 20.25% in year one, and 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 104.41% and total cumulative return in cash records $159,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,793/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Single Family
Built in 2022
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: Anna Boyer • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10597108