607 Dick 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 607 Dick St, Albemarle, NC, 28001 at $359,990 posts ROI 21.02% with $110/mo cash flow from $2,304/mo rent. Total monthly income equals $2,304/mo, and annual cash flow records $1,320/yr on $119,337 to close. Return on cash invested measures 21.02% and rental yield reads 7.68% at the current $359,990. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,459 by year five. Five-year ROI prints 108.69% and total cumulative return in cash totals $129,702.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,304/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
0.47 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: Matthew Maddalone • Maddalone Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4284239