1551 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 1551 Secrest Commons Dr, Monroe, NC, 28112 uses $144,829 cash to close to unlock $1,317/yr annual cash flow and $110/mo monthly cash flow. Total monthly income runs $2,772/mo, and a $2,138/mo payment keeps the spread at $110/mo. Purchase price stands at $436,890, and rental yield measures 7.61% with $2,772/mo rent. Return on cash invested shows 20.82% in year one, and 5% annual appreciation builds toward $120,705 over five years. Five-year ROI reaches 107.58% and total cumulative return in cash records $155,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,772/mo property income covering a $2,138/mo payment rather than investor’s personal income.
Single Family
Built in 2026
0.17 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: Angela Wetherall • DR Horton Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331551