211 Ridgewood DrMonroeNC28112
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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
Investment property for sale in Monroe at 211 Ridgewood Dr, Monroe, NC, 28112 at $375,000 posts ROI 22.35% with $253/mo cash flow from $2,538/mo rent. Total monthly income equals $2,538/mo, and annual cash flow records $3,036/yr on $124,313 to close. Return on cash invested measures 22.35% and rental yield reads 8.12% at the current $375,000. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 by year five. Five-year ROI prints 115.8% and total cumulative return in cash totals $143,955.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,538/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
1 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: John Bolos • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4310664