349 Barwick DriveWashingtonNC27889
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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
Rental property for sale in Washington at 349 Barwick Drive, Washington, NC, 27889 offers $2,396/mo rent that, after a $2,680/mo payment. Total monthly income is $2,396/mo. Return on cash invested measures 13.79% in year one, and rental yield stands at 5.25% at a $547,500 entry. Equity gained on principal adds $3,533/yr while 5% annual appreciation compounds into $151,264 by year five. Five-year ROI records 69.87% and total cumulative return in cash reaches $125,849. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,396/mo property income versus a $2,680/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
2.59 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: Jason Miller Adams • Ricks Realty Group & Consulting, LLC
Mls Name: Hive MLS
Mls ID: #100540460