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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Monroe at 621 Cedar Gate Rd, Monroe, VA, 24574 offers a 6.19% rental yield on a $415,000 purchase with $2,140/mo rent. 94% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 86.65% and total cumulative return in cash at $119,205. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,140/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
4.84 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24574, Monroe, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,839 (100%) |
| Owner Occupied HU | 1,312 (71.3%) |
| Renter Occupied HU | 244 (13.3%) |
| Vacant Housing Units | 283 (15.4%) |
| Median Home Value | $269,952 |
| Average Home Value | $290,543 |
Residential
1,642
Single Family
1,642
Multi-Family
0
Businesses
78
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kevin Cash • Re/Max 1st Olympic
Mls Name: LMLS
Mls ID: #362473
