1558 Secrest Commons DrMonroeNC28112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Monroe at 1558 Secrest Commons Dr, Monroe, NC, 28112 generates $2,340/mo in rent, after a $1,933/mo payment. Total monthly income is $2,340/mo. Return on cash invested sits at 19.29% in year one, and rental yield is 7.11% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 99.41% and total cumulative return in cash sums $130,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,340/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Wilhelm • DR Horton Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333398