3042 Burnello CtIron StationNC28080
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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 Iron Station at 3042 Burnello Ct, Iron Station, NC, 28080 earns $83/mo cash flow from $3,542/mo rent with a $2,719/mo payment. Total monthly income totals $3,542/mo, and annual cash flow totals $996/yr on $182,778 capital. ROI tracks 20.61% on current figures, and rental yield reads 7.65% at a $555,555 purchase. Equity gained on principal adds $3,585/yr, and 5% annual appreciation supports $153,490 over five years. Five-year ROI reaches 106.58% and total cumulative return in cash sums $194,810. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,542/mo property income instead of your personal income.
Single Family
Built in 2020
0.14 Acres lot
$N/A/sqft
$880 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28080, Iron Station, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 3,097 (81.8%) |
| Renter Occupied HU | 444 (11.7%) |
| Vacant Housing Units | 247 ( 6.5%) |
| Median Home Value | $304,094 |
| Average Home Value | $347,301 |
Housing Distribution
Address Breakdown
Residential
3,594
Single Family
3,594
Multi-Family
0
Businesses
95
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Listed by: Kathryn Cook Crespo • Nestlewood Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4244705
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-09 08:08:03 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)