1416 W Park AveAlbemarleNC28001
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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 1416 W Park Ave, Albemarle, NC, 28001 listed at $189,900 pairs $1,475/mo rent with a $929/mo payment to leave $318/mo cash flow. Total monthly income runs $1,475/mo, and annual cash flow reaches $3,817/yr on $62,952 cash to close. Return on cash invested measures 25.97% in year one, and rental yield registers 9.32% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 135.31% and total cumulative return in cash totals $85,181. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,475/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.25 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: Jessy Greene • Four Seasons Realty Albemarle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331022