2231 Teal Briar Ln APT 101BurlingtonKY41005
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 Burlington at 2231 Teal Briar Ln APT 101, Burlington, KY, 41005 uses $61,328 cash to close to unlock $5,010/yr annual cash flow and $418/mo monthly cash flow. Total monthly income runs $1,969/mo, and a $905/mo payment keeps the spread at $418/mo. Purchase price stands at $185,000, and rental yield measures 12.77% with $1,969/mo rent. Return on cash invested shows 28.08% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 149.56% and total cumulative return in cash records $91,719. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,969/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1995
1,306 sqft lot
$N/A/sqft
$426 monthly 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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Nearby investment properties with comparable prices
Listed by: Michael Smith • Haven Homes Group
Mls Name: NKMLS
Mls Provider:
Mls ID: #636674
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