542 Spaulding StBurlingtonNC27215
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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 542 Spaulding St, Burlington, NC, 27215 priced at $360,000 converts $2,929/mo rent into $650/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,929/mo, and annual cash flow totals $7,800/yr on $119,340 invested. Return on cash invested prints 26.44% in year one, and rental yield reads 9.76% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 138.07% and total cumulative return in cash sums $164,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,929/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 2020
10,018 sqft lot
$N/A/sqft
$255 quarterly 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: Hilary Hill • Hill Barbour Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10101465
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.