246 East AvenueBurlingtonVT05401
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 246 East Avenue, Burlington, VT, 05401 with 5% annual appreciation on a $695,000 basis while $3,816/mo rent supports operations. 82% in year one. Equity gained on principal adds $4,485/yr, and five-year appreciation sums $192,016 alongside rental yield of 6.59%. Five-year ROI measures 81.49% and total cumulative return in cash totals $186,330. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,816/mo property income versus a $3,402/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05401, Burlington, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,247 (100%) |
| Owner Occupied HU | 4,128 (29.0%) |
| Renter Occupied HU | 9,332 (65.5%) |
| Vacant Housing Units | 787 ( 5.5%) |
| Median Home Value | $578,679 |
| Average Home Value | $598,411 |
Housing Distribution
Address Breakdown
Residential
13,748
Single Family
11,046
Multi-Family
2,702
Businesses
1,859
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea Champagne • Champagne Real Estate
Mls Name: PrimeMLS
Mls ID: #5064519