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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Monroe at 429 Matohe Rd, Monroe, VA, 24574 priced at $499,900 pairs $2,794/mo rent with after a $2,447/mo payment. Total monthly income equals $2,794/mo. Return on cash invested is 18.5% in year one, and rental yield stands at 6.71% on a $499,900 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,113 by year five. Five-year ROI measures 95.02% and total cumulative return in cash reaches $157,464. For financing, Ziffy Mortgage’s DSCR program evaluates $2,794/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
3.52 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24574, Monroe, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,839 (100%) |
| Owner Occupied HU | 1,312 (71.3%) |
| Renter Occupied HU | 244 (13.3%) |
| Vacant Housing Units | 283 (15.4%) |
| Median Home Value | $269,952 |
| Average Home Value | $290,543 |
Residential
1,642
Single Family
1,642
Multi-Family
0
Businesses
78
Date | Event | Price |
|---|---|---|
| 2025-07-28 | Sold | $499,900 |
| 2025-06-21 | Pending sale | $499,900 |
| 2025-06-18 | Listed for sale | $499,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $1994.09 | N/A | $326,900 | N/A |
| 2023-10-31 | $1994.09 | N/A | $326,900 | N/A |
| 2022-10-31 | $1994.09 | N/A | $326,900 | N/A |
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Listed by: Karen Denise Brooks • Elite Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #360018
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.
