159 N Rabbit Run 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
Rental property for sale in Smithfield at 159 N Rabbit Run Dr, Smithfield, NC, 27577 priced at $489,900 converts $2,515/mo rent into after a $2,398/mo obligation. Total monthly income equals $2,515/mo. Return on cash invested prints 16.43% in year one, and rental yield reads 6.16% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 84.08% and total cumulative return in cash sums $136,541. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,515/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.59 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: LARRY DAUGHTRY • RE/MAX SIGNATURE REALTY
Mls Name: LPRMLS
Mls ID: #754682