1034 Patton AveAlbemarleNC28001
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 Albemarle at 1034 Patton Ave, Albemarle, NC, 28001 earns $83/mo cash flow from $1,454/mo rent with a $1,101/mo payment. Total monthly income totals $1,454/mo, and annual cash flow totals $996/yr on $74,588 capital. ROI tracks 21.24% on current figures, and rental yield reads 7.75% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 109.86% and total cumulative return in cash sums $81,945. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,454/mo property income instead of your personal income.
Single Family
Built in 1958
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28001, Albemarle, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,711 (100%) |
| Owner Occupied HU | 8,131 (59.3%) |
| Renter Occupied HU | 4,293 (31.3%) |
| Vacant Housing Units | 1,287 ( 9.4%) |
| Median Home Value | $245,822 |
| Average Home Value | $280,577 |
Housing Distribution
Address Breakdown
Residential
12,225
Single Family
12,065
Multi-Family
160
Businesses
842
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bette Dixon • Red Door Realty & Associates
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4287083