2215 Teal Briar Ln APT 208BurlingtonKY41005
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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 2215 Teal Briar Ln APT 208, Burlington, KY, 41005 uses $62,952 cash to close to unlock $3,944/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $1,484/mo, and a $929/mo payment keeps the spread at $329/mo. Purchase price stands at $189,900, and rental yield measures 9.38% with $1,484/mo rent. Return on cash invested shows 26.17% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 136.32% and total cumulative return in cash records $85,817. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,484/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 1996
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41005, Burlington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,618 (100%) |
| Owner Occupied HU | 7,263 (75.5%) |
| Renter Occupied HU | 1,954 (20.3%) |
| Vacant Housing Units | 401 ( 4.2%) |
| Median Home Value | $282,376 |
| Average Home Value | $325,137 |
Housing Distribution
Address Breakdown
Residential
9,248
Single Family
8,080
Multi-Family
1,168
Businesses
392
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Listed by: Darla Hunter • Coldwell Banker Realty FM
Mls Name: NKMLS
Mls ID: #637819