1926 Downing 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 1926 Downing Dr, Burlington, NC, 27215 uses $208,915 cash to close to unlock $5,856/yr annual cash flow and $488/mo monthly cash flow. Total monthly income runs $4,358/mo, and a $3,108/mo payment keeps the spread at $488/mo. Purchase price stands at $635,000, and rental yield measures 8.24% with $4,358/mo rent. Return on cash invested shows 22.86% in year one, and 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 118.52% and total cumulative return in cash records $247,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,358/mo property income covering a $3,108/mo payment rather than investor’s personal income.
Multi Family
Built in 1962
0.47 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: Lauren Gibson • Barbour & Company
Mls Name: Doorify MLS
Mls ID: #10121019