3028 Austin Chaney 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
Rental property for sale in Monroe at 3028 Austin Chaney Rd, Monroe, NC, 28110 generates $2,156/mo in rent and, after a $1,468/mo payment, leaves $328/mo in cash flow. Total monthly income is $2,156/mo, and annual cash flow is $3,936/yr on $99,450 invested. Return on cash invested sits at 23.87% in year one, and rental yield is 8.62% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 123.92% and total cumulative return in cash sums $123,240. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,156/mo property income rather than buyer’s personal income.
Manufactured
Built in 1975
2 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: Jeannie Jenkins • Jenkins Realty NCSC LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333417