7213 Olmstead Dr UNIT ABurlingtonNC27215
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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
Rental property for sale in Burlington at 7213 Olmstead Dr UNIT A, Burlington, NC, 27215 priced at $223,500 pairs $1,800/mo rent with $263/mo cash flow after a $1,094/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $3,154/yr on $74,090 invested. Return on cash invested is 24.17% in year one, and rental yield stands at 9.66% on a $223,500 basis. Equity gained on principal adds $1,442/yr, and 5% annual appreciation accumulates to $61,749 by year five. Five-year ROI measures 126.58% and total cumulative return in cash reaches $93,786. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,094/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2008
1,306 sqft lot
$N/A/sqft
$175 monthly 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: Sherri Dyer • Elevation Realty, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10096635
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.