1162 Woodsman DrBurlingtonNC27217
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
Rental property for sale in Burlington at 1162 Woodsman Dr, Burlington, NC, 27217 priced at $285,000 converts $1,875/mo rent into $138/mo cash flow after a $1,395/mo obligation. Total monthly income equals $1,875/mo, and annual cash flow totals $1,656/yr on $94,478 invested. Return on cash invested prints 21.66% in year one, and rental yield reads 7.89% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 112.12% and total cumulative return in cash sums $105,930. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,875/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27217, Burlington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,370 (100%) |
| Owner Occupied HU | 10,279 (59.2%) |
| Renter Occupied HU | 5,636 (32.4%) |
| Vacant Housing Units | 1,455 ( 8.4%) |
| Median Home Value | $211,939 |
| Average Home Value | $251,983 |
Housing Distribution
Address Breakdown
Residential
16,510
Single Family
16,319
Multi-Family
191
Businesses
773
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Listed by: Shanna Powell • Jeff Cook Real Estate LPT Realty
Mls Name: Triad MLS
Mls ID: #1201003