3008 Lamplight RdMonroeNC28112
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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
Rental property for sale in Monroe at 3008 Lamplight Rd, Monroe, NC, 28112 generates $3,104/mo in rent, after a $3,769/mo payment. Total monthly income is $3,104/mo. Return on cash invested sits at 12.53% in year one, and rental yield is 4.84% on a $770,000 entry. Equity gained on principal adds $4,969/yr, while 5% annual appreciation builds toward $212,737 over five years. Five-year ROI reaches 63.12% and total cumulative return in cash sums $159,909. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,104/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
5.23 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: Tony Karak • Better Homes and Garden Real Estate Paracle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330792