115 Strickland DrSmithfieldNC27577
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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 115 Strickland Dr, Smithfield, NC, 27577 offers a 9.29% rental yield on a $289,000 purchase with $2,238/mo rent. Total monthly income registers $2,238/mo, and a $1,415/mo payment leaves $476/mo available for distribution. Annual cash flow reaches $5,714/yr on $95,804 to close, and return on cash invested stands at 25.87% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 134.73% and total cumulative return in cash at $129,074. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,238/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27577, Smithfield, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,080 (100%) |
| Owner Occupied HU | 7,081 (63.9%) |
| Renter Occupied HU | 3,305 (29.8%) |
| Vacant Housing Units | 694 ( 6.3%) |
| Median Home Value | $297,658 |
| Average Home Value | $316,510 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
10,287
Multi-Family
151
Businesses
1,187
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Listed by: Kim Pendergrass • Grow Local Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10124366