211 S Slack 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 211 S Slack St, Albemarle, NC, 28001 with 5% annual appreciation on a $199,900 basis while $1,591/mo rent supports operations. Total monthly income totals $1,591/mo and a $978/mo payment preserves $373/mo for cash returns. Annual cash flow comes to $4,477/yr on $66,267 deployed, and return on cash invested reaches 26.67% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 9.55%. Five-year ROI measures 139.02% and total cumulative return in cash totals $92,125.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,591/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.39 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: #4269107