532 E 2nd StreetWashingtonNC27889
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderAt $269,000, 532 E 2nd Street, Washington, NC, 27889 in Washington generates $1,780/mo in rent (7.94% yield) but nets only $140/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.47) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $74,320. Total projected return: $110,965.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.2% |
| Monthly Cash Flow | $140 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,780 |
| Total Monthly Debt Service | $1,532 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
0.25 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
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
Single Family
Built in 1900
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rosie Smith • The Rich Company
Mls Name: Hive MLS
Mls ID: #100550534