909 E Morehead 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 909 E Morehead St, Burlington, NC, 27215 generates $1,236/mo in rent and, after a $930/mo payment, leaves $78/mo in cash flow. Total monthly income is $1,236/mo, and annual cash flow is $936/yr on $62,985 invested. Return on cash invested sits at 21.4% in year one, and rental yield is 7.81% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 110.66% and total cumulative return in cash sums $69,696. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,236/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.25 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: Steve Doyle • NewStone Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10137627