823 Cornwallis DrBurlingtonNC27215
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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 823 Cornwallis Dr, Burlington, NC, 27215 offers $1,762/mo rent that, after a $1,307/mo payment, leaves $135/mo cash flow. Total monthly income is $1,762/mo, and annual cash flow is $1,615/yr on $88,511 cash. Return on cash invested measures 21.73% in year one, and rental yield stands at 7.92% at a $267,000 entry. Equity gained on principal adds $1,723/yr while 5% annual appreciation compounds into $73,767 by year five. Five-year ROI records 112.52% and total cumulative return in cash reaches $99,595. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,762/mo property income versus a $1,307/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.19 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: Kelly Wirt • Kelly Wirt Realty Group
Mls Name: Triad MLS
Mls ID: #1188319