906 Colonial DrAlbemarleNC28001
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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 906 Colonial Dr, Albemarle, NC, 28001 generates $3,283/mo in rent, after a $3,304/mo payment. Total monthly income is $3,283/mo. Return on cash invested sits at 15.57% in year one, and rental yield is 5.84% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 79.41% and total cumulative return in cash sums $176,343. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,283/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
1.86 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: Jordan Dry • My Townhome
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4288593