354 Manhattan Drive #10BurlingtonVT05401
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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 354 Manhattan Drive #10, Burlington, VT, 05401 listed at $245,000 pairs $1,735/mo rent with a $1,199/mo payment to leave $105/mo cash flow. Total monthly income runs $1,735/mo, and annual cash flow reaches $1,262/yr on $81,218 cash to close. Return on cash invested measures 21.46% in year one, and rental yield registers 8.5% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 111.85% and total cumulative return in cash totals $90,840. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,735/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A 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: Lipkin Audette Team • Coldwell Banker Hickok and Boardman
Mls Name: PrimeMLS
Mls ID: #5067236