392 Monroe LnErwinNC28339
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 Erwin at 392 Monroe Ln, Erwin, NC, 28339 uses $77,869 cash to close to unlock $2,833/yr annual cash flow and $236/mo monthly cash flow. Total monthly income runs $1,668/mo, and a $1,150/mo payment keeps the spread at $236/mo. Purchase price stands at $234,900, and rental yield measures 8.52% with $1,668/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 122.28% and total cumulative return in cash records $95,217. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,668/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28339, Erwin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,052 (100%) |
| Owner Occupied HU | 1,911 (62.6%) |
| Renter Occupied HU | 805 (26.4%) |
| Vacant Housing Units | 336 (11.0%) |
| Median Home Value | $187,990 |
| Average Home Value | $210,022 |
Housing Distribution
Address Breakdown
Residential
2,980
Single Family
2,980
Multi-Family
0
Businesses
269
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Oksen • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls ID: #10138378