85 Drop SeedSmithfieldNC27577
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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 85 Drop Seed, Smithfield, NC, 27577 priced at $304,900 pairs $2,201/mo rent with $343/mo cash flow after a $1,492/mo payment. Total monthly income equals $2,201/mo, and annual cash flow comes to $4,117/yr on $101,074 invested. Return on cash invested is 23.98% in year one, and rental yield stands at 8.66% on a $304,900 basis. Equity gained on principal adds $1,967/yr, and 5% annual appreciation accumulates to $84,238 by year five. Five-year ROI measures 124.6% and total cumulative return in cash reaches $125,942. For financing, Ziffy Mortgage’s DSCR program evaluates $2,201/mo property income against a $1,492/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2011
0.27 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: Natalie Pearse • United Real Estate Triangle
Mls Name: Doorify MLS
Mls ID: #10115297