228 Cordgrass CtSmithfieldNC27577
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
Investment property for sale in Smithfield at 228 Cordgrass Ct, Smithfield, NC, 27577 with 5% annual appreciation on a $312,900 basis while $2,070/mo rent supports operations. Total monthly income totals $2,070/mo and a $1,531/mo payment preserves $68/mo for cash returns. Annual cash flow comes to $810/yr on $103,726 deployed, and return on cash invested reaches 20.69% in year one. Equity gained on principal adds $2,019/yr, and five-year appreciation sums $86,449 alongside rental yield of 7.94%. Five-year ROI measures 107.31% and total cumulative return in cash totals $111,306.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,070/mo property income versus a $1,531/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaclyn Smith • HomeTowne Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10140801
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.