531 Washburn AveEdenNC27288
Nearby investment properties with comparable rents
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
Investment property for sale in Eden at 531 Washburn Ave, Eden, NC, 27288 at $121,900 posts ROI 26.43% with $220/mo cash flow from $963/mo rent. Total monthly income equals $963/mo, and annual cash flow records $2,637/yr on $40,410 to close. Return on cash invested measures 26.43% and rental yield reads 9.48% at the current $121,900. Equity gained on principal adds $787/yr, and 5% annual appreciation supports $33,679 by year five. Five-year ROI prints 137.77% and total cumulative return in cash totals $55,672.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $963/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1909
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27288, Eden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,875 (100%) |
| Owner Occupied HU | 6,513 (54.8%) |
| Renter Occupied HU | 3,985 (33.6%) |
| Vacant Housing Units | 1,377 (11.6%) |
| Median Home Value | $146,940 |
| Average Home Value | $188,054 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,166
Multi-Family
601
Businesses
714
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Nearby investment properties with comparable prices
Listed by: Tommy Fleming • PIEDMONT TRIAD FLEMING, REALTORS
Mls Name: Triad MLS
Mls ID: #1195976