214 Knollwood CirAlbemarleNC28001
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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
Rental property for sale in Albemarle at 214 Knollwood Cir, Albemarle, NC, 28001 priced at $290,000 pairs $2,020/mo rent with $253/mo cash flow after a $1,419/mo payment. Total monthly income equals $2,020/mo, and annual cash flow comes to $3,036/yr on $96,135 invested. Return on cash invested is 23.07% in year one, and rental yield stands at 8.36% on a $290,000 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,122 by year five. Five-year ROI measures 119.65% and total cumulative return in cash reaches $115,024. For financing, Ziffy Mortgage’s DSCR program evaluates $2,020/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
0.51 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: Sarah Sosebee • Premier South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334162