Monroe, NC — Rental Investment Analysis

🔴WEAKappreciation play only

Cap Rate

2.8%

Below average

Monthly Cash Flow

-$1,088

After all expenses

Price-to-Rent

18.3

Overpriced for rent

DSCR

0.44

Fails

📊 Key Metrics

Median Home Price
$365,396
Average Rent (3BR)
$1,675/mo
Price-to-Rent Ratio
18.3(high)
1% Rule
0.46%(fails — need 1%+)
Cash-on-Cash Return
-15.6%
Vacancy Rate
8.0%

📈 Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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🏘️ Best Zip Codes in Monroe for Investors

28110
Cap Rate: 3.1%Cash Flow: -$1,032/mo$374,664
28112
Cap Rate: 2.5%Cash Flow: -$1,145/mo$356,129

All Zip Codes in Monroe

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
281103.1%-$1,032$374,664$1,820/mo0.48
281122.5%-$1,145$356,129$1,530/mo0.40