219 Troy Alexander DrAlbemarleNC28001
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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 219 Troy Alexander Dr, Albemarle, NC, 28001 priced at $225,000 pairs $1,637/mo rent with $266/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,637/mo, and annual cash flow comes to $3,192/yr on $74,588 invested. Return on cash invested is 24.19% in year one, and rental yield stands at 8.73% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 125.65% and total cumulative return in cash reaches $93,717. For financing, Ziffy Mortgage’s DSCR program evaluates $1,637/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
0.31 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: Angie Pugh • Shelton Real Estate Center LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4337582