2502 Waverly Dr #9MonroeNC28112
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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 2502 Waverly Dr #9, Monroe, NC, 28112 listed at $415,000 pairs $2,772/mo rent with a $2,031/mo payment to leave $243/mo cash flow. Total monthly income runs $2,772/mo, and annual cash flow reaches $2,916/yr on $137,573 cash to close. Return on cash invested measures 22.03% in year one, and rental yield registers 8.02% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 114.06% and total cumulative return in cash totals $156,921. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,772/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.49 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: Millie Newton • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332388