6551 Monnett RdClimaxNC27233
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
Investment property for sale in Climax at 6551 Monnett Rd, Climax, NC, 27233 uses $115,992 cash to close to unlock $1,693/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $2,274/mo, and a $1,713/mo payment keeps the spread at $141/mo. Purchase price stands at $349,900, and rental yield measures 7.8% with $2,274/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 110.58% and total cumulative return in cash records $128,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,274/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1986
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27233, Climax, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,398 (100%) |
| Owner Occupied HU | 1,143 (81.8%) |
| Renter Occupied HU | 210 (15.0%) |
| Vacant Housing Units | 45 ( 3.2%) |
| Median Home Value | $288,678 |
| Average Home Value | $342,526 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
63
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Millaway • eXp Realty
Mls Name: Triad MLS
Mls ID: #1204182