216 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
Investment property for sale in Washington at 216 E 7th Street, Washington, NC, 27889 listed at $134,900 pairs $1,075/mo rent with a $660/mo payment to leave $253/mo cash flow. Total monthly income runs $1,075/mo, and annual cash flow reaches $3,037/yr on $44,719 cash to close. Return on cash invested measures 26.7% in year one, and rental yield registers 9.56% at a $134,900 basis. Equity gained on principal adds $870/yr, and annual property appreciation at 5% supports $37,270 by year five. Five-year ROI tracks 139.28% and total cumulative return in cash totals $62,285. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,075/mo property income relative to a $660/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
7,840 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: Matthew Miller • Whitley Realty Team LLC
Mls Name: Hive MLS
Mls ID: #100518917