506 Piedmont WayBurlingtonNC27217
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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 506 Piedmont Way, Burlington, NC, 27217 uses $48,731 cash to close to unlock $13,303/yr annual cash flow and $1,109/mo monthly cash flow. Total monthly income runs $2,004/mo, and a $719/mo payment keeps the spread at $1,109/mo. Purchase price stands at $147,000, and rental yield measures 16.36% with $2,004/mo rent. Return on cash invested shows 47.21% in year one, and 5% annual appreciation builds toward $40,613 over five years. Five-year ROI reaches 249.16% and total cumulative return in cash records $121,416. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,004/mo property income covering a $719/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27217, Burlington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,370 (100%) |
| Owner Occupied HU | 10,279 (59.2%) |
| Renter Occupied HU | 5,636 (32.4%) |
| Vacant Housing Units | 1,455 ( 8.4%) |
| Median Home Value | $211,939 |
| Average Home Value | $251,983 |
Housing Distribution
Address Breakdown
Residential
16,510
Single Family
16,319
Multi-Family
191
Businesses
773
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Listed by: Amanda Rice • Rose & Hall Real Estate
Mls Name: Triad MLS
Mls ID: #1194531