681 Polenta RdSmithfieldNC27577
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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 Smithfield at 681 Polenta Rd, Smithfield, NC, 27577 listed at $255,000 pairs $2,233/mo rent with a $1,248/mo payment to leave $679/mo cash flow. Total monthly income runs $2,233/mo, and annual cash flow reaches $8,148/yr on $84,533 cash to close. Return on cash invested measures 29.55% in year one, and rental yield registers 10.51% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 154.39% and total cumulative return in cash totals $130,508. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,233/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
0.77 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
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Listed by: Michele Brownlee • Coldwell Banker Advantage-Smit
Mls Name: Doorify MLS
Mls ID: #10136144