The Morgan Plan, Cedar MeadowsMonroeNC28110
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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
Investment property for sale in Monroe at The Morgan Plan, Cedar Meadows, Monroe, NC, 28110 uses $127,293 cash to close to unlock $2,163/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,879/mo payment keeps the spread at $180/mo. Purchase price stands at $383,990, and rental yield measures 7.88% with $2,520/mo rent. Return on cash invested shows 21.61% in year one, and 5% annual appreciation builds toward $106,089 over five years. Five-year ROI reaches 111.85% and total cumulative return in cash records $142,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,879/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A 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: Jen Mahool • Smith Douglas Homes
Mls Name: Smith Douglas Homes
Mls Provider:
Mls ID: #N/A