378 Pagan RdSmithfieldVA23430
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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 378 Pagan Rd, Smithfield, VA, 23430 priced at $499,000 converts $3,194/mo rent into $211/mo cash flow after a $2,442/mo obligation. Total monthly income equals $3,194/mo, and annual cash flow totals $2,537/yr on $165,419 invested. Return on cash invested prints 21.44% in year one, and rental yield reads 7.68% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 110.79% and total cumulative return in cash sums $183,270. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,194/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.62 Acres 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: #10613554