6816 Steeplegate DrBurlingtonNC27215
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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 6816 Steeplegate Dr, Burlington, NC, 27215 uses $165,385 cash to close to unlock $4,756/yr annual cash flow and $396/mo monthly cash flow. Total monthly income runs $3,437/mo, and a $2,442/mo payment keeps the spread at $396/mo. Purchase price stands at $498,900, and rental yield measures 8.27% with $3,437/mo rent. Return on cash invested shows 22.78% in year one, and 5% annual appreciation builds toward $137,837 over five years. Five-year ROI reaches 118.15% and total cumulative return in cash records $195,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,437/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.46 Acres lot
$N/A/sqft
No 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: Ashton Dixon • Elevation Realty
Mls Name: Triad MLS
Mls ID: #1198129