409 Wildwood LnSmithfieldNC27577
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 409 Wildwood Ln, Smithfield, NC, 27577 uses $84,533 cash to close to unlock $5,556/yr annual cash flow and $463/mo monthly cash flow. Total monthly income runs $2,017/mo, and a $1,248/mo payment keeps the spread at $463/mo. Purchase price stands at $255,000, and rental yield measures 9.49% with $2,017/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 137.96% and total cumulative return in cash records $116,624. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,017/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 2003
1.10 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: Lydia Moore • Coldwell Banker Advantage-Smit
Mls Name: Doorify MLS
Mls ID: #10125728