2702 Plantation WayAlbemarleNC28001
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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 2702 Plantation Way, Albemarle, NC, 28001 earns from $1,860/mo rent with a $1,556/mo payment. Total monthly income totals $1,860/mo. ROI tracks 19.03% on current figures, and rental yield reads 7.02% at a $317,900 purchase. Equity gained on principal adds $2,051/yr, and 5% annual appreciation supports $87,830 over five years. Five-year ROI reaches 97.99% and total cumulative return in cash sums $103,264. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,860/mo property income instead of your personal income.
Single Family
Built in 2005
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: Kinsey Cockman • NextHome Paramount
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316267