714 E 8th StWashingtonNC27889
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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
Investment property for sale in Washington at 714 E 8th St, Washington, NC, 27889 uses $96,102 cash to close to unlock $1,069/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $1,856/mo, and a $1,419/mo payment keeps the spread at $89/mo. Purchase price stands at $289,900, and rental yield measures 7.68% with $1,856/mo rent. Return on cash invested shows 21.02% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 108.73% and total cumulative return in cash records $104,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,856/mo property income covering a $1,419/mo payment rather than investor’s personal income.
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
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