1614 Medlin RdMonroeNC28112
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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
Total monthly income runs $2,368/mo, and a $3,916/mo payment. Purchase price stands at $800,000, and rental yield measures 3.55% with $2,368/mo rent. Return on cash invested shows 8.63% in year one, and 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 42.17% and total cumulative return in cash records $110,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,368/mo property income covering a $3,916/mo payment rather than investor’s personal income.
Single Family
Built in 1970
2.64 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: Kelly Benton • Ross & Associates Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4271092