604 Wicker StBurlingtonNC27217
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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 604 Wicker St, Burlington, NC, 27217 priced at $179,900 converts $1,602/mo rent into $505/mo cash flow after a $881/mo obligation. Total monthly income equals $1,602/mo, and annual cash flow totals $6,061/yr on $59,637 invested. Return on cash invested prints 30.07% in year one, and rental yield reads 10.69% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 157.29% and total cumulative return in cash sums $93,801. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,602/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 2001
9,931 sqft 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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