1604 E Washington StRockinghamNC28379
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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
Investment property for sale in Rockingham at 1604 E Washington St, Rockingham, NC, 28379 uses $38,089 cash to close to unlock $7,513/yr annual cash flow and $626/mo monthly cash flow. Total monthly income runs $1,326/mo, and a $562/mo payment keeps the spread at $626/mo. Purchase price stands at $114,900, and rental yield measures 13.85% with $1,326/mo rent. Return on cash invested shows 39.63% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 208.6% and total cumulative return in cash records $79,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,326/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28379, Rockingham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,302 (100%) |
| Owner Occupied HU | 6,220 (55.0%) |
| Renter Occupied HU | 3,756 (33.2%) |
| Vacant Housing Units | 1,326 (11.7%) |
| Median Home Value | $158,183 |
| Average Home Value | $192,771 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,274
Multi-Family
493
Businesses
733
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Listed by: Nicholas Huscroft • Chosen Realty of NC
Mls Name: Triad MLS
Mls ID: #1202553