327 E Morrow AveMonroeNC28112
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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
Investment property for sale in Monroe at 327 E Morrow Ave, Monroe, NC, 28112 earns $340/mo cash flow from $2,137/mo rent with a $1,443/mo payment. Total monthly income totals $2,137/mo, and annual cash flow totals $4,081/yr on $97,759 capital. ROI tracks 24.08% on current figures, and rental yield reads 8.7% at a $294,900 purchase. Equity gained on principal adds $1,903/yr, and 5% annual appreciation supports $81,475 over five years. Five-year ROI reaches 125.14% and total cumulative return in cash sums $122,335. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,137/mo property income instead of your personal income.
Single Family
Built in 1984
6,969 sqft 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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