1305 N Market StreetWashingtonNC27889
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
Investment property for sale in Washington at 1305 N Market Street, Washington, NC, 27889 listed at $398,000 pairs $2,779/mo rent with a $1,948/mo payment to leave $353/mo cash flow. Total monthly income runs $2,779/mo, and annual cash flow reaches $4,241/yr on $131,937 cash to close. Return on cash invested measures 23.12% in year one, and rental yield registers 8.38% at a $398,000 basis. Equity gained on principal adds $2,568/yr, and annual property appreciation at 5% supports $109,960 by year five. Five-year ROI tracks 119.97% and total cumulative return in cash totals $158,280. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,779/mo property income relative to a $1,948/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1917
0.32 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lonnie Abbott Tunstall • Landmark Sotheby's International Realty
Mls Name: Hive MLS
Mls ID: #100551461