406 S Church StMonroeNC28112
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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 406 S Church St, Monroe, NC, 28112 with 5% annual appreciation on a $299,500 basis while $2,602/mo rent supports operations. Total monthly income totals $2,602/mo and a $1,466/mo payment preserves $777/mo for cash returns. Annual cash flow comes to $9,319/yr on $99,284 deployed, and return on cash invested reaches 29.3% in year one. Equity gained on principal adds $1,933/yr, and five-year appreciation sums $82,746 alongside rental yield of 10.43%. Five-year ROI measures 153.06% and total cumulative return in cash totals $151,967.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,602/mo property income versus a $1,466/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1901
0.44 Acres 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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Listed by: James Kerr • J Kerr and Co LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335116