204 Paramount 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 204 Paramount Dr, Smithfield, NC, 27577 priced at $271,920 pairs $2,096/mo rent with $439/mo cash flow after a $1,331/mo payment. Total monthly income equals $2,096/mo, and annual cash flow comes to $5,264/yr on $90,141 invested. Return on cash invested is 25.75% in year one, and rental yield stands at 9.25% on a $271,920 basis. Equity gained on principal adds $1,755/yr, and 5% annual appreciation accumulates to $75,126 by year five. Five-year ROI measures 134.03% and total cumulative return in cash reaches $120,820. For financing, Ziffy Mortgage’s DSCR program evaluates $2,096/mo property income against a $1,331/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A