284 Donelson WayBurlingtonNC27217
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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
Rental property for sale in Burlington at 284 Donelson Way, Burlington, NC, 27217 generates $2,031/mo in rent and, after a $1,542/mo payment, leaves $111/mo in cash flow. Total monthly income is $2,031/mo, and annual cash flow is $1,332/yr on $104,423 invested. Return on cash invested sits at 21.18% in year one, and rental yield is 7.74% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 109.56% and total cumulative return in cash sums $114,401. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,031/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27217, Burlington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,370 (100%) |
| Owner Occupied HU | 10,279 (59.2%) |
| Renter Occupied HU | 5,636 (32.4%) |
| Vacant Housing Units | 1,455 ( 8.4%) |
| Median Home Value | $211,939 |
| Average Home Value | $251,983 |
Housing Distribution
Address Breakdown
Residential
16,510
Single Family
16,319
Multi-Family
191
Businesses
773
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Listed by: Mark Rini • Mark Spain Real Estate
Mls Name: Triad MLS
Mls ID: #1202795