2411 New Town RdMonroeNC28110
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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 2411 New Town Rd, Monroe, NC, 28110 offers a 9.61% rental yield on a $295,000 purchase with $2,362/mo rent. Total monthly income registers $2,362/mo, and a $1,444/mo payment leaves $564/mo available for distribution. Annual cash flow reaches $6,768/yr on $97,793 to close, and return on cash invested stands at 26.83% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 139.82% and total cumulative return in cash at $136,730. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,362/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
1.03 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: Cherie Burris • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322028