112 E 5th 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 112 E 5th Street, Washington, NC, 27889 priced at $475,000 converts $1,260/mo rent into after a $2,325/mo obligation. Total monthly income equals $1,260/mo. Return on cash invested prints 7.45% in year one, and rental yield reads 3.18% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 35.89% and total cumulative return in cash sums $56,515. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,260/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.57 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: Brenna Rain Finch • The Rich Company Downtown
Mls Name: NCRMLS
Mls Provider:
Mls ID: #100423332
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