517 E Park DrMonroeNC28112
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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 517 E Park Dr, Monroe, NC, 28112 with 5% annual appreciation on a $162,950 basis while $1,301/mo rent supports operations. Total monthly income totals $1,301/mo and a $798/mo payment preserves $307/mo for cash returns. Annual cash flow comes to $3,690/yr on $54,018 deployed, and return on cash invested reaches 26.74% in year one. Equity gained on principal adds $1,051/yr, and five-year appreciation sums $45,020 alongside rental yield of 9.58%. Five-year ROI measures 139.41% and total cumulative return in cash totals $75,304.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,301/mo property income versus a $798/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1922
0.34 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: Stephone Johnson • EMJ Realty & Asset Services Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316460