6056 Old Smithfield RoadBaileyNC27807
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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
Investment property for sale in Bailey at 6056 Old Smithfield Road, Bailey, NC, 27807 listed at $299,300 pairs $0/mo rent with a $1,465/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -2.15% in year one, and rental yield registers 0% at a $299,300 basis. Equity gained on principal adds $1,931/yr, and annual property appreciation at 5% supports $82,691 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,465/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27807, Bailey, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,944 (100%) |
| Owner Occupied HU | 1,996 (67.8%) |
| Renter Occupied HU | 712 (24.2%) |
| Vacant Housing Units | 236 ( 8.0%) |
| Median Home Value | $226,039 |
| Average Home Value | $252,680 |
Housing Distribution
Address Breakdown
Residential
2,881
Single Family
2,881
Multi-Family
0
Businesses
110
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No similar rental properties found nearby.
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Listed by: Jeff Stone • Stone Auction & Realty
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100473900
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS