602 North Avenue UNIT 5BurlingtonVT05408
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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 602 North Avenue UNIT 5, Burlington, VT, 05408 at $389,900 posts ROI 21.16% with $134/mo cash flow from $3,050/mo rent. Total monthly income equals $3,050/mo, and annual cash flow records $1,613/yr on $129,252 to close. Return on cash invested measures 21.16% and rental yield reads 9.39% at the current $389,900. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 by year five. Five-year ROI prints 111.24% and total cumulative return in cash totals $143,785.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,050/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1988
N/A lot
$N/A/sqft
$322 monthly HOA
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Listed by: Geri Reilly • Geri Reilly Real Estate
Mls Name: PrimeMLS
Mls Provider:
Mls ID: #5007927
Disclaimer: Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-10-14 06:45:57 PDT. This display of listings may or may not be the entire Compilation from the PrimeMLS database, and PrimeMLS does not guarantee the accuracy of such information.