In a nutshell: Roku is expanding its smart home lineup in an effort to become your whole home provider. The streaming media specialist's new Home Monitoring System SE comes with "all the essential pieces to feel safer at home" including two entry sensors, a wireless keypad, a motion sensor and a hub with an integrated siren. Buyers can elect to pair the system with professional, around the clock monitoring courtesy of Noonlight or self-monitor for free.

The system, which was developed in partnership with Wyze, can be configured to notify you if an alarm is triggered, or even when a door is opened or closed. With the mobile app, you will also be able to arm or disarm the system remotely as needed.

The kit retails for $99.99 and is available today directly from Roku. Optionally, you will be able to pick it up in store or online through Walmart starting May 15. Noonlight monitoring is priced at $9.99 per month or $99.99 a year. Opt for annual billing and you will get half off your first year.

A home monitoring system of this caliber is not going to afford the same peace of mind you would get with a full fleshed alarm system. Complete systems from traditional providers and newer startups typically include additional layers of protection including window sensors, glass break sensors, and perhaps even HD or 4K security cameras.

That said, Roku's system does offer some key advantages. For one, it is far more affordable than a traditional system, especially if you go with free self monitoring. Roku's home monitoring system is also easy to install and requires no tools. Furthermore, the base kit can be expanded with additional hardware as needed. A three-pack of entry sensors goes for $34.99, additional keypads are priced at $24.99 each, and an extra motion sensor will set you back $14.99.

As with most things, the best course of action would be to evaluate your situation and make an informed decision that best fits your needs and budget.