805 S Broad StBurlingtonNC27215
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 805 S Broad St, Burlington, NC, 27215 priced at $180,000 pairs $1,805/mo rent with $708/mo cash flow after a $881/mo payment. Total monthly income equals $1,805/mo, and annual cash flow comes to $8,496/yr on $59,670 invested. Return on cash invested is 34.15% in year one, and rental yield stands at 12.03% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 179.05% and total cumulative return in cash reaches $106,841. For financing, Ziffy Mortgage’s DSCR program evaluates $1,805/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1924
0.31 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yolanda Wilson • ITM Real Estate Management
Mls Name: Doorify MLS
Mls ID: #10115742