5900 Morgan Park DrMonroeNC28110
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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 5900 Morgan Park Dr, Monroe, NC, 28110 generates $3,317/mo in rent, after a $3,191/mo payment. Total monthly income is $3,317/mo. Return on cash invested sits at 16.39% in year one, and rental yield is 6.1% on a $652,000 entry. Equity gained on principal adds $4,207/yr, while 5% annual appreciation builds toward $180,136 over five years. Five-year ROI reaches 83.8% and total cumulative return in cash sums $179,766. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,317/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
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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