192 Cordgrass CtSmithfieldNC27577
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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 192 Cordgrass Ct, Smithfield, NC, 27577 generates $2,070/mo in rent and, after a $1,531/mo payment, leaves $68/mo in cash flow. Total monthly income is $2,070/mo, and annual cash flow is $810/yr on $103,726 invested. Return on cash invested sits at 20.69% in year one, and rental yield is 7.94% on a $312,900 entry. Equity gained on principal adds $2,019/yr, while 5% annual appreciation builds toward $86,449 over five years. Five-year ROI reaches 107.31% and total cumulative return in cash sums $111,306. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,070/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
6,534 sqft lot
$N/A/sqft
$96 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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Listed by: Jaclyn Smith • HomeTowne Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10140803
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2026 Doorify MLS of North Carolina. All rights reserved.