1263 Cottage Green Dr #155MonroeNC28112
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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 1263 Cottage Green Dr #155, Monroe, NC, 28112 earns $287/mo cash flow from $2,772/mo rent with a $1,899/mo payment. Total monthly income totals $2,772/mo, and annual cash flow totals $3,449/yr on $128,619 capital. ROI tracks 22.59% on current figures, and rental yield reads 8.57% at a $387,990 purchase. Equity gained on principal adds $2,504/yr, and 5% annual appreciation supports $107,194 over five years. Five-year ROI reaches 117.51% and total cumulative return in cash sums $151,141. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,772/mo property income instead of your personal income.
Single Family
Built in 2025
0.14 Acres lot
$N/A/sqft
$120 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28112, Monroe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,383 (100%) |
| Owner Occupied HU | 8,046 (70.7%) |
| Renter Occupied HU | 2,743 (24.1%) |
| Vacant Housing Units | 594 ( 5.2%) |
| Median Home Value | $359,879 |
| Average Home Value | $454,375 |
Housing Distribution
Address Breakdown
Residential
10,771
Single Family
10,763
Multi-Family
8
Businesses
626
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Listed by: Grady Thomas • Thomas Property Group, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4185896
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)