215 Lind Point LnMonroeNC28110
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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 215 Lind Point Ln, Monroe, NC, 28110 with 5% annual appreciation on a $400,000 basis while $2,582/mo rent supports operations. Total monthly income totals $2,582/mo and a $1,958/mo payment preserves $144/mo for cash returns. Annual cash flow comes to $1,728/yr on $132,600 deployed, and return on cash invested reaches 21.21% in year one. Equity gained on principal adds $2,581/yr, and five-year appreciation sums $110,513 alongside rental yield of 7.75%. Five-year ROI measures 109.7% and total cumulative return in cash totals $145,456.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,582/mo property income versus a $1,958/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2011
0.16 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: Jen Audier • Keller Williams Connected
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324777