672 Cairn CirBurlingtonNC27217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 672 Cairn Cir, Burlington, NC, 27217 priced at $249,900 converts $1,694/mo rent into $39/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,694/mo, and annual cash flow totals $469/yr on $82,842 invested. Return on cash invested prints 20.48% in year one, and rental yield reads 8.13% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 106.5% and total cumulative return in cash sums $88,226. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,694/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Townhouse
Built in 2006
2,178 sqft lot
$N/A/sqft
$132 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl Renee Raines • EXP Realty LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10088702
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