120 Holmes Corner DrSmithfieldNC27577
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 120 Holmes Corner Dr, Smithfield, NC, 27577 priced at $225,740 converts $2,096/mo rent into $566/mo cash flow after a $1,105/mo obligation. Total monthly income equals $2,096/mo, and annual cash flow totals $6,793/yr on $74,833 invested. Return on cash invested prints 28.99% in year one, and rental yield reads 11.14% against a $225,740 entry. Equity gained on principal adds $1,457/yr, while 5% annual appreciation compiles into $62,368 by year five. Five-year ROI reaches 152.34% and total cumulative return in cash sums $114,001. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,096/mo property income covering a $1,105/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
1,742 sqft lot
$N/A/sqft
$154 monthly 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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Nearby investment properties with comparable prices
Listed by: Cristi Green • DR Horton-Terramor Homes, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10088276
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