295 Avery Meadows 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
Investment property for sale in Smithfield at 295 Avery Meadows Dr, Smithfield, NC, 27577 with 5% annual appreciation on a $340,000 basis while $2,551/mo rent supports operations. Total monthly income totals $2,551/mo and a $1,664/mo payment preserves $479/mo for cash returns. Annual cash flow comes to $5,748/yr on $112,710 deployed, and return on cash invested reaches 25.01% in year one. Equity gained on principal adds $2,194/yr, and five-year appreciation sums $93,936 alongside rental yield of 9%. Five-year ROI measures 130.05% and total cumulative return in cash totals $146,574.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,551/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
0.63 Acres 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: Tammy Frazier Reghay • EXP Realty LLC Ballantyne
Mls Name: Doorify MLS
Mls ID: #10139423