219 E 3rd 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 219 E 3rd Street, Washington, NC, 27889 earns from $1,920/mo rent with a $1,610/mo payment. Total monthly income totals $1,920/mo. ROI tracks 18.98% on current figures, and rental yield reads 7% at a $329,000 purchase. Equity gained on principal adds $2,123/yr, and 5% annual appreciation supports $90,897 over five years. Five-year ROI reaches 97.75% and total cumulative return in cash sums $106,605. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,920/mo property income instead of your personal income.
Single Family
Built in 1920
0.30 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: Alexis Davis • Coldwell Banker Sea Coast Advantage - Washington
Mls Name: Hive MLS
Mls ID: #100526896