Wylie II Plan, Secrest LandingMonroeNC28110
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 Monroe at Wylie II Plan, Secrest Landing, Monroe, NC, 28110 at $331,990 posts ROI 23.36% with $317/mo cash flow from $2,340/mo rent. Total monthly income equals $2,340/mo, and annual cash flow records $3,799/yr on $110,055 to close. Return on cash invested measures 23.36% and rental yield reads 8.46% at the current $331,990. Equity gained on principal adds $2,142/yr, and 5% annual appreciation supports $91,723 by year five. Five-year ROI prints 121.24% and total cumulative return in cash totals $133,427.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,340/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fran Kunkle • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A