581 E Washington Street ExtRockinghamNC28379
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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 Rockingham at 581 E Washington Street Ext, Rockingham, NC, 28379 offers $1,219/mo rent that, after a $734/mo payment, leaves $305/mo cash flow. Total monthly income is $1,219/mo, and annual cash flow is $3,661/yr on $49,692 cash. Return on cash invested measures 27.28% in year one, and rental yield stands at 9.76% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 142.35% and total cumulative return in cash reaches $70,739. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,219/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28379, Rockingham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,302 (100%) |
| Owner Occupied HU | 6,220 (55.0%) |
| Renter Occupied HU | 3,756 (33.2%) |
| Vacant Housing Units | 1,326 (11.7%) |
| Median Home Value | $158,183 |
| Average Home Value | $192,771 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,274
Multi-Family
493
Businesses
733
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Listed by: SORNIAN (INGRID) STELLY • STONE GABLES PROPERTY MANAGEMENT
Mls Name: LPRMLS
Mls Provider:
Mls ID: #730875
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.