837 Sikes Mill RdMonroeNC28110
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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 837 Sikes Mill Rd, Monroe, NC, 28110 priced at $289,900 pairs $1,814/mo rent with $47/mo cash flow after a $1,419/mo payment. Total monthly income equals $1,814/mo, and annual cash flow comes to $565/yr on $96,102 invested. Return on cash invested is 20.5% in year one, and rental yield stands at 7.51% on a $289,900 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,094 by year five. Five-year ROI measures 105.91% and total cumulative return in cash reaches $101,781. For financing, Ziffy Mortgage’s DSCR program evaluates $1,814/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
0.91 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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Listed by: Joe Collins • Collins REALTORS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309723