2006 Great Falls DrMonroeNC28110
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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 2006 Great Falls Dr, Monroe, NC, 28110 uses $120,998 cash to close to unlock $936/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $2,302/mo, and a $1,786/mo payment keeps the spread at $78/mo. Purchase price stands at $365,000, and rental yield measures 7.57% with $2,302/mo rent. Return on cash invested shows 20.68% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 106.86% and total cumulative return in cash records $129,295. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,302/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 2000
0.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28110, Monroe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,969 (100%) |
| Owner Occupied HU | 16,247 (70.7%) |
| Renter Occupied HU | 5,470 (23.8%) |
| Vacant Housing Units | 1,252 ( 5.5%) |
| Median Home Value | $385,581 |
| Average Home Value | $433,928 |
Housing Distribution
Address Breakdown
Residential
21,768
Single Family
21,236
Multi-Family
532
Businesses
1,688
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Listed by: Justin Gheen • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328773