1303 Cherry DrBurlingtonNC27215
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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
Investment property for sale in Burlington at 1303 Cherry Dr, Burlington, NC, 27215 uses $109,395 cash to close to unlock $1,368/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $2,125/mo, and a $1,615/mo payment keeps the spread at $114/mo. Purchase price stands at $330,000, and rental yield measures 7.73% with $2,125/mo rent. Return on cash invested shows 21.16% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 109.4% and total cumulative return in cash records $119,675. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,125/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.92 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: Laura Thompson Vevurka • FAB Real Estate Services, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10092502
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.