288 Thompson Overlook WaySmithfieldNC27577
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 288 Thompson Overlook Way, Smithfield, NC, 27577 offers $2,096/mo rent that, after a $1,247/mo payment, leaves $543/mo cash flow. Total monthly income is $2,096/mo, and annual cash flow is $6,520/yr on $84,433 cash. Return on cash invested measures 27.63% in year one, and rental yield stands at 9.88% at a $254,700 entry. Equity gained on principal adds $1,644/yr while 5% annual appreciation compounds into $70,369 by year five. Five-year ROI records 144.15% and total cumulative return in cash reaches $121,713. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,096/mo property income versus a $1,247/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and 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 • N/A
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A