6909 SteeplegateBurlingtonNC27215
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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 6909 Steeplegate, Burlington, NC, 27215 listed at $493,900 pairs $3,090/mo rent with a $2,417/mo payment to leave $80/mo cash flow. Total monthly income runs $3,090/mo, and annual cash flow reaches $964/yr on $163,728 cash to close. Return on cash invested measures 20.5% in year one, and rental yield registers 7.51% at a $493,900 basis. Equity gained on principal adds $3,187/yr, and annual property appreciation at 5% supports $136,455 by year five. Five-year ROI tracks 105.89% and total cumulative return in cash totals $173,365. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,090/mo property income relative to a $2,417/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.59 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 Hicks Dixon • Elevation Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10122178