1329 Columbus 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 1329 Columbus St, Albemarle, NC, 28001 listed at $279,000 pairs $1,916/mo rent with a $1,366/mo payment to leave $215/mo cash flow. Total monthly income runs $1,916/mo, and annual cash flow reaches $2,582/yr on $92,489 cash to close. Return on cash invested measures 22.7% in year one, and rental yield registers 8.24% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 117.73% and total cumulative return in cash totals $108,883. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,916/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.30 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: Michael Fullerton • Lantern Realty & Development
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327711