1513 Secrest Commons DrMonroeNC28112
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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 1513 Secrest Commons Dr, Monroe, NC, 28112 earns $462/mo cash flow from $2,772/mo rent with a $1,855/mo payment. Total monthly income totals $2,772/mo, and annual cash flow totals $5,546/yr on $125,639 capital. ROI tracks 24.32% on current figures, and rental yield reads 8.78% at a $379,000 purchase. Equity gained on principal adds $2,446/yr, and 5% annual appreciation supports $104,711 over five years. Five-year ROI reaches 126.41% and total cumulative return in cash sums $158,819. 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
0.15 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: Maria Wilhelm • DR Horton Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318492