4607 Nesbit RdMonroeNC28112
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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
Rental property for sale in Monroe at 4607 Nesbit Rd, Monroe, NC, 28112 generates $2,359/mo in rent, after a $2,373/mo payment. Total monthly income is $2,359/mo. Return on cash invested sits at 15.46% in year one, and rental yield is 5.84% on a $484,900 entry. Equity gained on principal adds $3,129/yr, while 5% annual appreciation builds toward $133,969 over five years. Five-year ROI reaches 78.88% and total cumulative return in cash sums $126,799. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,359/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
2.37 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: Sharelle Quick • Stoneridge Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332221