1232 Scotch Meadows LoopMonroeNC28110
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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 Monroe at 1232 Scotch Meadows Loop, Monroe, NC, 28110 listed at $377,500 pairs $2,310/mo rent with a $1,848/mo payment to leave $9/mo cash flow. Total monthly income runs $2,310/mo, and annual cash flow reaches $108/yr on $125,141 cash to close. Return on cash invested measures 20% in year one, and rental yield registers 7.34% at a $377,500 basis. Equity gained on principal adds $2,436/yr, and annual property appreciation at 5% supports $104,296 by year five. Five-year ROI tracks 103.18% and total cumulative return in cash totals $129,116. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,310/mo property income relative to a $1,848/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28110, Monroe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,969 (100%) |
| Owner Occupied HU | 16,247 (70.7%) |
| Renter Occupied HU | 5,470 (23.8%) |
| Vacant Housing Units | 1,252 ( 5.5%) |
| Median Home Value | $385,581 |
| Average Home Value | $433,928 |
Housing Distribution
Address Breakdown
Residential
21,768
Single Family
21,236
Multi-Family
532
Businesses
1,688
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Listed by: Karyn Porter • Premier South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327292