3005 Grey Pond LnMonroeNC28112
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
Investment property for sale in Monroe at 3005 Grey Pond Ln, Monroe, NC, 28112 listed at $559,000 pairs $2,592/mo rent with a $2,736/mo payment. Total monthly income runs $2,592/mo. Return on cash invested measures 14.74% in year one, and rental yield registers 5.56% at a $559,000 basis. Equity gained on principal adds $3,607/yr, and annual property appreciation at 5% supports $154,441 by year five. Five-year ROI tracks 75.01% and total cumulative return in cash totals $137,943. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,592/mo property income relative to a $2,736/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.93 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beth Howell • Central Carolina Real Estate Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4313146