107 Harbour WayWashingtonNC27889
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 Washington at 107 Harbour Way, Washington, NC, 27889 priced at $279,000 converts $2,148/mo rent into $447/mo cash flow after a $1,366/mo obligation. Total monthly income equals $2,148/mo, and annual cash flow totals $5,366/yr on $92,489 invested. Return on cash invested prints 25.71% in year one, and rental yield reads 9.24% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 133.88% and total cumulative return in cash sums $123,823. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,148/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27889, Washington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,728 (100%) |
| Owner Occupied HU | 7,457 (58.6%) |
| Renter Occupied HU | 3,652 (28.7%) |
| Vacant Housing Units | 1,619 (12.7%) |
| Median Home Value | $212,997 |
| Average Home Value | $258,294 |
Housing Distribution
Address Breakdown
Residential
12,261
Single Family
11,234
Multi-Family
1,027
Businesses
1,389
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Listed by: Jacob Anderson • Anderson & Anderson Realty Group, LLC
Mls Name: Hive MLS
Mls ID: #100541597