Albemarle · Albemarle, NC
1050 Rush Street
Albemarle, NC · 1,134 sqft
$215,000
- 3Beds
- 2Baths
- 1,134SqFt
- 2021Year
- 137Days on market
About this home
RUSH to your next investment opportunity! Tenant occupied and income receiving ranch home in Albemarle. Long term tenants, positive cashflow and a neighborhood poised for growth! Several new developments within a few miles including the new Albemarle Business Center, a 282 acre business park aiming to bring in major manufacturing companies (and jobs!) to the city. Also located within 1.5 miles to main street/downtown Albemarle, 2.6 miles to Albemarle High School, and less than 1 miles to major amenities and stores (Walmart, Lowes, Chick Fil-A, Starbucks +more). Multiple new builds in the neighborhood and surrounding areas. Rare opportunity for low maintenance, income producing investment property with equity building upside potential and no HOA. Contact listing agent for lease terms and details!
Property details
- Beds
- 3
- Baths
- 2
- SqFt
- 1,134
- Lot
- —
- Year built
- 2021
- Type
- Single Family
- Days on market
- 137
- Style
- Ranch, Traditional
- Heating
- Central
- Cooling
- Central Air
- Foundation
- Slab
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,582/ month
- Principal & interest
- $1,331
- Property tax (~1.05%)
- $188
- Homeowners insurance
- $62
- HOA dues
- —
Down payment
$10,750 down · $204,250 financed
Income to qualify (28% rule)
~$67,817 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.