240 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 240 Cordgrass Ct, Smithfield, NC, 27577 priced at $314,900 converts $2,515/mo rent into $500/mo cash flow after a $1,541/mo obligation. Total monthly income equals $2,515/mo, and annual cash flow totals $6,001/yr on $104,389 invested. Return on cash invested prints 25.66% in year one, and rental yield reads 9.58% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 133.98% and total cumulative return in cash sums $139,858. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,515/mo property income covering a $1,541/mo payment, not borrower’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: #10140798
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.