510 W Washington AvenueKinstonNC28501
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Nearby investment properties with comparable prices
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 Kinston at 510 W Washington Avenue, Kinston, NC, 28501 offers $1,571/mo rent that, after a $1,077/mo payment, leaves $230/mo cash flow. Total monthly income is $1,571/mo, and annual cash flow is $2,760/yr on $72,930 cash. Return on cash invested measures 23.69% in year one, and rental yield stands at 8.57% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 123.01% and total cumulative return in cash reaches $89,711. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,571/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28501, Kinston, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,622 (100%) |
| Owner Occupied HU | 3,710 (38.6%) |
| Renter Occupied HU | 4,100 (42.6%) |
| Vacant Housing Units | 1,812 (18.8%) |
| Median Home Value | $96,667 |
| Average Home Value | $139,687 |
Housing Distribution
Address Breakdown
Residential
8,586
Single Family
8,006
Multi-Family
580
Businesses
763
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Listed by: PATRICIA WEBB JONES • KINSTON REALTY GROUP
Mls Name: Hive MLS
Mls ID: #100530591