1302 Black Walnut StMonroeNC28112
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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 1302 Black Walnut St, Monroe, NC, 28112 earns $220/mo cash flow from $3,018/mo rent with a $2,247/mo payment. Total monthly income totals $3,018/mo, and annual cash flow totals $2,642/yr on $152,159 capital. ROI tracks 21.65% on current figures, and rental yield reads 7.89% at a $459,000 purchase. Equity gained on principal adds $2,962/yr, and 5% annual appreciation supports $126,813 over five years. Five-year ROI reaches 112.05% and total cumulative return in cash sums $170,495. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,018/mo property income instead of your personal income.
Single Family
Built in 2023
0.24 Acres lot
$N/A/sqft
No 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: Heather Melaun • MATHERS REALTY.COM
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277841