707 Massey StSmithfieldNC27577
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
Rental property for sale in Smithfield at 707 Massey St, Smithfield, NC, 27577 priced at $190,000 pairs $1,501/mo rent with $343/mo cash flow after a $930/mo payment. Total monthly income equals $1,501/mo, and annual cash flow comes to $4,116/yr on $62,985 invested. Return on cash invested is 26.44% in year one, and rental yield stands at 9.48% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 137.75% and total cumulative return in cash reaches $86,760. For financing, Ziffy Mortgage’s DSCR program evaluates $1,501/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
8,276 sqft 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: Alice Harris • Harris Realty & Land, LLC
Mls Name: Doorify MLS
Mls ID: #10126067