623 N 4th StAlbemarleNC28001
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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 623 N 4th St, Albemarle, NC, 28001 offers a 9.66% rental yield on a $179,900 purchase with $1,448/mo rent. Total monthly income registers $1,448/mo, and a $881/mo payment leaves $351/mo available for distribution. Annual cash flow reaches $4,213/yr on $59,637 to close, and return on cash invested stands at 26.97% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 140.69% and total cumulative return in cash at $83,901. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,448/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.67 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: Marti Davis • Call It Closed International Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330575