4924 Myers RdMonroeNC28110
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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 4924 Myers Rd, Monroe, NC, 28110 offers $1,782/mo rent that, after a $905/mo payment, leaves $655/mo cash flow. Total monthly income is $1,782/mo, and annual cash flow is $7,860/yr on $61,328 cash. Return on cash invested measures 32.73% in year one, and rental yield stands at 11.56% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 171.43% and total cumulative return in cash reaches $105,135. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,782/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1986
0.92 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: Thomas Elrod • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4163668
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)