116 E Kime StBurlingtonNC27215
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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 Burlington at 116 E Kime St, Burlington, NC, 27215 priced at $224,900 converts $1,382/mo rent into $11/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,382/mo, and annual cash flow totals $133/yr on $74,554 invested. Return on cash invested prints 20.09% in year one, and rental yield reads 7.37% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 103.72% and total cumulative return in cash sums $77,329. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,382/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1950
8,712 sqft 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: Maria L Sibrian • South Main Realty, Inc.
Mls Name: Doorify MLS
Mls ID: #10114531