318 Carter RdMonroeNC28110
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 318 Carter Rd, Monroe, NC, 28110 with 5% annual appreciation on a $299,000 basis while $2,234/mo rent supports operations. Total monthly income totals $2,234/mo and a $1,463/mo payment preserves $412/mo for cash returns. Annual cash flow comes to $4,946/yr on $99,119 deployed, and return on cash invested reaches 24.9% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,608 alongside rental yield of 8.97%. Five-year ROI measures 129.52% and total cumulative return in cash totals $128,374.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,234/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
0.65 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Combs • Real Broker, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320854