34 Hoover StreetBurlingtonVT05401
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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 34 Hoover Street, Burlington, VT, 05401 generates $3,900/mo in rent and, after a $2,393/mo payment, leaves $647/mo in cash flow. Total monthly income is $3,900/mo, and annual cash flow is $7,766/yr on $162,104 invested. Return on cash invested sits at 24.7% in year one, and rental yield is 9.57% on a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 129.15% and total cumulative return in cash sums $209,362. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,900/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05401, Burlington, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,247 (100%) |
| Owner Occupied HU | 4,128 (29.0%) |
| Renter Occupied HU | 9,332 (65.5%) |
| Vacant Housing Units | 787 ( 5.5%) |
| Median Home Value | $578,679 |
| Average Home Value | $598,411 |
Housing Distribution
Address Breakdown
Residential
13,748
Single Family
11,046
Multi-Family
2,702
Businesses
1,859
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Listed by: Brian M. Boardman • Coldwell Banker Hickok and Boardman
Mls Name: PrimeMLS
Mls ID: #5066989