16 Myers CourtSouth BurlingtonVT05403
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 South Burlington at 16 Myers Court, South Burlington, VT, 05403 with 5% annual appreciation on a $389,000 basis while $2,790/mo rent supports operations. Total monthly income totals $2,790/mo and a $1,904/mo payment preserves $202/mo for cash returns. Annual cash flow comes to $2,424/yr on $128,954 deployed, and return on cash invested reaches 21.79% in year one. Equity gained on principal adds $2,510/yr, and five-year appreciation sums $107,474 alongside rental yield of 8.61%. Five-year ROI measures 113.52% and total cumulative return in cash totals $146,394.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,790/mo property income versus a $1,904/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05403, South Burlington, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,165 (100%) |
| Owner Occupied HU | 6,095 (60.0%) |
| Renter Occupied HU | 3,434 (33.8%) |
| Vacant Housing Units | 636 ( 6.3%) |
| Median Home Value | $490,417 |
| Average Home Value | $520,256 |
Housing Distribution
Address Breakdown
Residential
10,002
Single Family
7,760
Multi-Family
2,242
Businesses
1,098
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nina Lynn • Coldwell Banker Hickok and Boardman
Mls Name: PrimeMLS
Mls ID: #5062188