2413 Granville Pl APT BMonroeNC28110
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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 2413 Granville Pl APT B, Monroe, NC, 28110 listed at $230,000 pairs $1,694/mo rent with a $1,126/mo payment to leave $292/mo cash flow. Total monthly income runs $1,694/mo, and annual cash flow reaches $3,504/yr on $76,245 cash to close. Return on cash invested measures 24.5% in year one, and rental yield registers 8.84% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 127.35% and total cumulative return in cash totals $97,099. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,694/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A 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: Melony Banks • MBA Real Estate, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325005