703 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
Investment property for sale in Burlington at 703 Wicker St, Burlington, NC, 27217 listed at $150,000 pairs $1,395/mo rent with a $734/mo payment to leave $481/mo cash flow. Total monthly income runs $1,395/mo, and annual cash flow reaches $5,772/yr on $49,725 cash to close. Return on cash invested measures 31.52% in year one, and rental yield registers 11.16% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 164.96% and total cumulative return in cash totals $82,026. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,395/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.09 Acres 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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Listed by: Kelly Wirt • Kelly Wirt Realty Group
Mls Name: Triad MLS
Mls ID: #1203646