300 Westerman PlSmithfieldNC27577
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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 300 Westerman Pl, Smithfield, NC, 27577 priced at $1,622,000 converts $0/mo rent into after a $7,939/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.2% in year one, and rental yield reads 0% against a $1,622,000 entry. Equity gained on principal adds $10,467/yr, while 5% annual appreciation compiles into $448,129 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $7,939/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
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
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A