713 New Jersey AveBurlingtonNC27217
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 713 New Jersey Ave, Burlington, NC, 27217 generates $2,004/mo in rent and, after a $1,199/mo payment, leaves $511/mo in cash flow. Total monthly income is $2,004/mo, and annual cash flow is $6,132/yr on $81,218 invested. Return on cash invested sits at 27.46% in year one, and rental yield is 9.82% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 143.2% and total cumulative return in cash sums $116,304. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,004/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kara Farrar • TKB Realty Group LLC
Mls Name: Triad MLS
Mls ID: #1206094