3665 Secrest LndgMonroeNC28110
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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 3665 Secrest Lndg, Monroe, NC, 28110 earns $406/mo cash flow from $2,417/mo rent with a $1,615/mo payment. Total monthly income totals $2,417/mo, and annual cash flow totals $4,872/yr on $109,395 capital. ROI tracks 24.36% on current figures, and rental yield reads 8.79% at a $329,999 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,173 over five years. Five-year ROI reaches 126.6% and total cumulative return in cash sums $138,490. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,417/mo property income instead of your personal income.
Townhouse
Built in 2023
0.05 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: Josh Allen • M/I Homes
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295486