20956 Old Mill RdAlbemarleNC28001
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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
Total monthly income runs $2,507/mo, and a $2,154/mo payment. Purchase price stands at $440,000, and rental yield measures 6.84% with $2,507/mo rent. Return on cash invested shows 18.47% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 95% and total cumulative return in cash records $138,562. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,507/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Single Family
Built in 1997
3.52 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: Shanna Goldman • Magnolia Dream Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322185