2310 Ruben 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
Investment property for sale in Monroe at 2310 Ruben Rd, Monroe, NC, 28112 uses $91,129 cash to close to unlock $697/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $1,733/mo, and a $1,346/mo payment keeps the spread at $58/mo. Purchase price stands at $274,900, and rental yield measures 7.56% with $1,733/mo rent. Return on cash invested shows 20.67% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 106.86% and total cumulative return in cash records $97,383. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,733/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1942
0.95 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: Nelson Tetreault • Top Negotiator Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282414