1207 W Main StAlbemarleNC28001
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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 Albemarle at 1207 W Main St, Albemarle, NC, 28001 uses $53,007 cash to close to unlock $7,753/yr annual cash flow and $646/mo monthly cash flow. Total monthly income runs $1,621/mo, and a $783/mo payment keeps the spread at $646/mo. Purchase price stands at $159,900, and rental yield measures 12.17% with $1,621/mo rent. Return on cash invested shows 34.54% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 181.23% and total cumulative return in cash records $96,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,621/mo property income covering a $783/mo payment rather than investor’s personal income.
Multi Family
Built in 1935
0.32 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
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Listed by: Cynthia Hegler • Southern Home Group Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4290623