3562 Nimbell 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
Rental property for sale in Monroe at 3562 Nimbell Rd, Monroe, NC, 28110 priced at $359,420 converts $2,510/mo rent into $320/mo cash flow after a $1,759/mo obligation. Total monthly income equals $2,510/mo, and annual cash flow totals $3,836/yr on $119,148 invested. Return on cash invested prints 23.13% in year one, and rental yield reads 8.38% against a $359,420 entry. Equity gained on principal adds $2,319/yr, while 5% annual appreciation compiles into $99,301 by year five. Five-year ROI reaches 119.99% and total cumulative return in cash sums $142,963. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,510/mo property income covering a $1,759/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
N/A 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: Fran Kunkle • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A