513 Mountain View DrMonroeNC28110
Nearby investment properties with comparable rents
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
Rental property for sale in Monroe at 513 Mountain View Dr, Monroe, NC, 28110 priced at $371,990 converts $2,310/mo rent into $43/mo cash flow after a $1,821/mo obligation. Total monthly income equals $2,310/mo, and annual cash flow totals $511/yr on $123,315 invested. Return on cash invested prints 20.32% in year one, and rental yield reads 7.45% against a $371,990 entry. Equity gained on principal adds $2,400/yr, while 5% annual appreciation compiles into $102,774 by year five. Five-year ROI reaches 104.96% and total cumulative return in cash sums $129,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,310/mo property income covering a $1,821/mo payment, not borrower’s personal income.
Single Family
Built in 2026
0.14 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Grier • CCNC Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334878