913 Gorrel StBurlingtonNC27215
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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
Investment property for sale in Burlington at 913 Gorrel St, Burlington, NC, 27215 uses $51,383 cash to close to unlock $8,004/yr annual cash flow and $667/mo monthly cash flow. Total monthly income runs $1,612/mo, and a $759/mo payment keeps the spread at $667/mo. Purchase price stands at $155,000, and rental yield measures 12.48% with $1,612/mo rent. Return on cash invested shows 35.49% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 186.23% and total cumulative return in cash records $95,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,612/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1948
8,276 sqft 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: Christy Marie Donaldson • Keller Williams Central
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10124650
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.