196 Holmes Corner 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 196 Holmes Corner Dr, Smithfield, NC, 27577 uses $78,231 cash to close to unlock $6,046/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $2,096/mo, and a $1,155/mo payment keeps the spread at $504/mo. Purchase price stands at $235,990, and rental yield measures 10.66% with $2,096/mo rent. Return on cash invested shows 27.64% in year one, and 5% annual appreciation builds toward $65,200 over five years. Five-year ROI reaches 145.01% and total cumulative return in cash records $113,439. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,096/mo property income covering a $1,155/mo payment rather than investor’s personal income.
Townhouse
Built in 2025
N/A 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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Listed by: Sam DeStefano • DR Horton-Terramor Homes, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10107845
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.