220 River RoadWashingtonNC27889
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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 220 River Road, Washington, NC, 27889 offers a 7.87% rental yield on a $310,000 purchase with $2,033/mo rent. Total monthly income registers $2,033/mo, and a $1,517/mo payment leaves $144/mo available for distribution. Annual cash flow reaches $1,728/yr on $102,765 to close, and return on cash invested stands at 21.59% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 111.72% and total cumulative return in cash at $114,811. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,033/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
1.16 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: Rosie Smith • The Rich Company
Mls Name: Hive MLS
Mls ID: #100527138