420 Spring StAlbemarleNC28001
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 420 Spring St, Albemarle, NC, 28001 at $179,000 posts ROI 26.38% with $320/mo cash flow from $1,411/mo rent. Total monthly income equals $1,411/mo, and annual cash flow records $3,842/yr on $59,339 to close. Return on cash invested measures 26.38% and rental yield reads 9.46% at the current $179,000. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 by year five. Five-year ROI prints 137.48% and total cumulative return in cash totals $81,579.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,411/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
0.23 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: Amanda Cody • HOMETOWN REALTY PROS LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333897