707 Brevard DrAlbemarleNC28001
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
Rental property for sale in Albemarle at 707 Brevard Dr, Albemarle, NC, 28001 offers $1,944/mo rent that, after a $1,453/mo payment, leaves $135/mo cash flow. Total monthly income is $1,944/mo, and annual cash flow is $1,617/yr on $98,422 cash. Return on cash invested measures 21.55% in year one, and rental yield stands at 7.86% at a $296,900 entry. Equity gained on principal adds $1,916/yr while 5% annual appreciation compounds into $82,028 by year five. Five-year ROI records 111.52% and total cumulative return in cash reaches $109,763. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,944/mo property income versus a $1,453/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.46 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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Nearby investment properties with comparable prices
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