319 Cates 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
Investment property for sale in Burlington at 319 Cates Ave, Burlington, NC, 27215 with 5% annual appreciation on a $170,000 basis while $1,181/mo rent supports operations. Total monthly income totals $1,181/mo and a $832/mo payment preserves $145/mo for cash returns. Annual cash flow comes to $1,740/yr on $56,355 deployed, and return on cash invested reaches 23% in year one. Equity gained on principal adds $1,097/yr, and five-year appreciation sums $46,968 alongside rental yield of 8.34%. Five-year ROI measures 119.24% and total cumulative return in cash totals $67,197.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,181/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
N/A 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: Sarah R. Kindley • Coldwell Banker Advantage
Mls Name: Triad MLS
Mls ID: #1190392