2909 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 2909 New Town Rd, Monroe, NC, 28110 listed at $250,000 pairs $1,733/mo rent with a $1,224/mo payment to leave $209/mo cash flow. Total monthly income runs $1,733/mo, and annual cash flow reaches $2,508/yr on $82,875 cash to close. Return on cash invested measures 22.94% in year one, and rental yield registers 8.32% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 118.93% and total cumulative return in cash totals $98,566. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,733/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
2.15 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: Kristen Bernard • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330997