316 W Sandy Ridge 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 316 W Sandy Ridge Rd, Monroe, NC, 28112 generates $2,808/mo in rent and, after a $1,786/mo payment, leaves $584/mo in cash flow. Total monthly income is $2,808/mo, and annual cash flow is $7,009/yr on $120,964 invested. Return on cash invested sits at 25.7% in year one, and rental yield is 9.23% on a $364,900 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 133.81% and total cumulative return in cash sums $161,868. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,808/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
2.13 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: Don Gomez • C-A-RE Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4313294