2506 Foxworth DrMonroeNC28110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Monroe at 2506 Foxworth Dr, Monroe, NC, 28110 generates $2,444/mo in rent and, after a $1,713/mo payment, leaves $311/mo in cash flow. Total monthly income is $2,444/mo, and annual cash flow is $3,732/yr on $116,025 invested. Return on cash invested sits at 23.13% in year one, and rental yield is 8.38% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 119.97% and total cumulative return in cash sums $139,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,444/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.70 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Kempf • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305236