407 W Phifer StMonroeNC28110
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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 Monroe at 407 W Phifer St, Monroe, NC, 28110 at $185,000 posts ROI 26.54% with $339/mo cash flow from $1,466/mo rent. Total monthly income equals $1,466/mo, and annual cash flow records $4,068/yr on $61,328 to close. Return on cash invested measures 26.54% and rental yield reads 9.51% at the current $185,000. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 by year five. Five-year ROI prints 138.25% and total cumulative return in cash totals $84,783.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,466/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1934
0.21 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: Renee Montgomery • Carolina Peacock Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328984