1001 E Morehead StBurlingtonNC27215
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 Burlington at 1001 E Morehead St, Burlington, NC, 27215 at $124,900 posts ROI 25.1% with $179/mo cash flow from $940/mo rent. Total monthly income equals $940/mo, and annual cash flow records $2,149/yr on $41,404 to close. Return on cash invested measures 25.1% and rental yield reads 9.03% at the current $124,900. Equity gained on principal adds $806/yr, and 5% annual appreciation supports $34,508 by year five. Five-year ROI prints 130.68% and total cumulative return in cash totals $54,106.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $940/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1935
0.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27215, Burlington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,997 (100%) |
| Owner Occupied HU | 12,323 (53.6%) |
| Renter Occupied HU | 9,048 (39.3%) |
| Vacant Housing Units | 1,626 ( 7.1%) |
| Median Home Value | $317,753 |
| Average Home Value | $334,410 |
Housing Distribution
Address Breakdown
Residential
21,608
Single Family
18,629
Multi-Family
2,979
Businesses
2,076
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Listed by: Bryan Guarnieri • COLDWELL BANKER - HP&W
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1157436
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