Plan 2723 Plan, Turkey RidgeSmithfieldNC27577
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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 Plan 2723 Plan, Turkey Ridge, Smithfield, NC, 27577 uses $123,978 cash to close to unlock $8,247/yr annual cash flow and $687/mo monthly cash flow. Total monthly income runs $2,966/mo, and a $1,830/mo payment keeps the spread at $687/mo. Purchase price stands at $373,990, and rental yield measures 9.52% with $2,966/mo rent. Return on cash invested shows 26.56% in year one, and 5% annual appreciation builds toward $103,327 over five years. Five-year ROI reaches 138.41% and total cumulative return in cash records $171,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,966/mo property income covering a $1,830/mo payment rather than investor’s personal income.
Single Family
Built in 2026
N/A 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: N/A • KB Home
Mls Name: KB Home
Mls Provider:
Mls ID: #N/A