108 E 7th StreetWashingtonNC27889
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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 Washington at 108 E 7th Street, Washington, NC, 27889 generates $1,489/mo in rent and, after a $1,101/mo payment, leaves $118/mo in cash flow. Total monthly income is $1,489/mo, and annual cash flow is $1,416/yr on $74,588 invested. Return on cash invested sits at 21.81% in year one, and rental yield is 7.94% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 112.89% and total cumulative return in cash sums $84,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,489/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
7,405 sqft 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: BERTHA PYNE • Selective Homes
Mls Name: NCRMLS
Mls Provider:
Mls ID: #100448860
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of 2024-02-16 15:12:29 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024 North Carolina Regional MLS LLC