248 Quarry Hill Road UNIT 75South BurlingtonVT05403
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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 South Burlington at 248 Quarry Hill Road UNIT 75, South Burlington, VT, 05403 uses $94,478 cash to close to unlock $4,642/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $2,543/mo, and a $1,395/mo payment keeps the spread at $387/mo. Purchase price stands at $285,000, and rental yield measures 10.71% with $2,543/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 130.98% and total cumulative return in cash records $123,750. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,543/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$260 monthly 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
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Listed by: David Parsons • RE/MAX North Professionals - Burlington
Mls Name: PrimeMLS
Mls Provider:
Mls ID: #5017186
Disclaimer: Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-10-14 06:15:26 PDT. This display of listings may or may not be the entire Compilation from the PrimeMLS database, and PrimeMLS does not guarantee the accuracy of such information.