3502 Sanford LnMonroeNC28110
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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 3502 Sanford Ln, Monroe, NC, 28110 offers a 10.47% rental yield on a $199,900 purchase with $1,744/mo rent. Total monthly income registers $1,744/mo, and a $978/mo payment leaves $526/mo available for distribution. Annual cash flow reaches $6,313/yr on $66,267 to close, and return on cash invested stands at 29.44% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 153.87% and total cumulative return in cash at $101,965. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,744/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.42 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: Mary Ross • Ross & Associates Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4340353