500 Reeves AveAlbemarleNC28001
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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 500 Reeves Ave, Albemarle, NC, 28001 generates $1,870/mo in rent and, after a $1,395/mo payment, leaves $133/mo in cash flow. Total monthly income is $1,870/mo, and annual cash flow is $1,596/yr on $94,478 invested. Return on cash invested sits at 21.6% in year one, and rental yield is 7.87% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 111.75% and total cumulative return in cash sums $105,582. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,870/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.53 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: Josh Bragg • Fulcrum Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4308638