312 Cleveland AveBurlingtonNC27215
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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 312 Cleveland Ave, Burlington, NC, 27215 priced at $139,900 converts $1,499/mo rent into $646/mo cash flow after a $685/mo obligation. Total monthly income equals $1,499/mo, and annual cash flow totals $7,753/yr on $46,377 invested. Return on cash invested prints 36.63% in year one, and rental yield reads 12.86% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 192.46% and total cumulative return in cash sums $89,259. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,499/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27215, Burlington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,997 (100%) |
| Owner Occupied HU | 12,323 (53.6%) |
| Renter Occupied HU | 9,048 (39.3%) |
| Vacant Housing Units | 1,626 ( 7.1%) |
| Median Home Value | $317,753 |
| Average Home Value | $334,410 |
Housing Distribution
Address Breakdown
Residential
21,608
Single Family
18,629
Multi-Family
2,979
Businesses
2,076
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Listed by: Jessica Marquina • Keller Williams Central
Mls Name: Doorify MLS
Mls ID: #10115646