37 Avenue C · Burlington, VT 05408

$114,000

2 bd · 1.0 ba · 588 sqft · Manufactured public records · 202 Days on market

Built 2023 Good condition Est $83k · 38% over $430/mo HOA · 18% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.0/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Ultimate Burlington Starter Home: Basically Brand New! Tired of the endless hunt for a clean, affordable, and move-in ready home in Burlington? Your search ends at 37 Avenue C, Burlington, VT 05408! This isn't a blast from the past; it's a 2023 mobile home! That’s right—it’s basically brand new, meaning you get to skip straight past the headaches of old houses (hello, fresh systems!) and get right to the fun of decorating your new space. This adorable pad features 2 bright bedrooms and 1 sparkling bathroom, perfectly laid out for simple, stress-free living. The whole home has a wonderfully fresh feel—crisp, clean, and totally contemporary. You won't find a single dated corner here! Think modern finishes, great natural light, and top-tier efficiency that keeps your wallet happy. It's the ultimate low-maintenance lifestyle! Whether you're a first-time buyer eager to get a foothold in the market or you're looking to downsize and simplify, this home is your perfect starting line. Spend your weekends hitting the Burlington Bike Path or exploring the local scene, not wrestling with leaky faucets or old wiring! Don't settle for “others” when you can have a home that's truly ready for its next adventure. This little gem is priced to move and ready for you to make it your own. Be sure to check out the 3D walkthrough. Contact us today to book your private showing!

Key facts

• Built 2023
• Listed 202 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $114k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $708 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $114k).
• Recommended offer: $100k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.7% vs local median 3.1% in Burlington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#19 in VT, #4,619 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, schools B; Watch: cost of living D, crime F, amenities F.
• Market conditions: 44 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 898 units permitted in Chittenden County in 2024 (554 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $788 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Chittenden County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 202 days — a 12% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $11k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $100,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 202 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.11% ✓
• Cap rate: 13.75%
• Cash-on-cash: 26.63%
• DSCR: 2.18
• GRM: 4.0

CMA / ARV

• ARV (on-the-fly): $82,908
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
27 Avenue C	0.04mi	2/1.0	672 (+14%)	14mo	$95,000	$141	63

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.6%
• Equity multiple: 1.84×
• Total profit: $26,926
• Equity at exit: $16,998

10-year hold

• IRR: 28.9%
• Equity multiple: 3.59×
• Total profit: $82,687
• Equity at exit: $9,857

Cash invested: $31,920 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Vermont: 41 Moderately Tenant-Leaning · D+15
• County: — inherits STATE
• City: — inherits STATE

Just-cause in Burlington (2022); strong habitability.

Methodology + full state rankings →

ZIP-level market 05408

• Active inventory: 44
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $2,400 medium
• Mortgage (P&I): −$598
• Tax from tax record: −$112 /mo · $1,346/yr
• Insurance: −$48
• HOA: −$430
• Vacancy / Maint / Mgmt: −$504
• Net cashflow: $708

Break-even live

Break-even rent $1,503

Max offer price $114,000

Occupancy floor 65%

Sensitivity live

Price	-10% $773	-5% $741	+0% $708	+5% $676	+10% $644
Rent	-10% $519	-5% $614	+0% $708	+5% $803	+10% $898
Rate	-1.0pp $766	-0.5pp $737	base $708	+0.5pp $679	+1.0pp $649

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $28,500
• Closing costs: $3,420
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
375 North Ave Apt 310 Burlington, VT	1.0	1.0	570	$2,100	$3.68	45d	1	1.39mi
70 Cambrian Way Burlington, VT	1.0	1.0	685	$2,750	$4.01	22d	14	1.44mi

HOA detail

• Monthly dues: $430 · $5,160/yr

Listing history 5 events

1. 2026-05-31
   status $114,000 Pending 202 DOM
2. 2026-05-30
   days on market $114,000 Active 202 DOM
3. 2026-04-17
   status Active 1416-char remark

   Show marketing remark (1416 chars)

   The Ultimate Burlington Starter Home: Basically Brand New! Tired of the endless hunt for a clean, affordable, and move-in ready home in Burlington? Your search ends at 37 Avenue C, Burlington, VT 05408! This isn't a blast from the past; it's a 2023 mobile home! That’s right—it’s basically brand new, meaning you get to skip straight past the headaches of old houses (hello, fresh systems!) and get right to the fun of decorating your new space. This adorable pad features 2 bright bedrooms and 1 sparkling bathroom, perfectly laid out for simple, stress-free living. The whole home has a wonderfully fresh feel—crisp, clean, and totally contemporary. You won't find a single dated corner here! Think modern finishes, great natural light, and top-tier efficiency that keeps your wallet happy. It's the ultimate low-maintenance lifestyle! Whether you're a first-time buyer eager to get a foothold in the market or you're looking to downsize and simplify, this home is your perfect starting line. Spend your weekends hitting the Burlington Bike Path or exploring the local scene, not wrestling with leaky faucets or old wiring! Don't settle for “others” when you can have a home that's truly ready for its next adventure. This little gem is priced to move and ready for you to make it your own. Be sure to check out the 3D walkthrough. Contact us today to book your private showing!

4. 2026-04-09
   status Pending 1416-char remark

   Show marketing remark (1416 chars)

   The Ultimate Burlington Starter Home: Basically Brand New! Tired of the endless hunt for a clean, affordable, and move-in ready home in Burlington? Your search ends at 37 Avenue C, Burlington, VT 05408! This isn't a blast from the past; it's a 2023 mobile home! That’s right—it’s basically brand new, meaning you get to skip straight past the headaches of old houses (hello, fresh systems!) and get right to the fun of decorating your new space. This adorable pad features 2 bright bedrooms and 1 sparkling bathroom, perfectly laid out for simple, stress-free living. The whole home has a wonderfully fresh feel—crisp, clean, and totally contemporary. You won't find a single dated corner here! Think modern finishes, great natural light, and top-tier efficiency that keeps your wallet happy. It's the ultimate low-maintenance lifestyle! Whether you're a first-time buyer eager to get a foothold in the market or you're looking to downsize and simplify, this home is your perfect starting line. Spend your weekends hitting the Burlington Bike Path or exploring the local scene, not wrestling with leaky faucets or old wiring! Don't settle for “others” when you can have a home that's truly ready for its next adventure. This little gem is priced to move and ready for you to make it your own. Be sure to check out the 3D walkthrough. Contact us today to book your private showing!

5. 2025-10-31
   listed $124,900 Active - Delayed Showings 1416-char remark

   Show marketing remark (1416 chars)

   The Ultimate Burlington Starter Home: Basically Brand New! Tired of the endless hunt for a clean, affordable, and move-in ready home in Burlington? Your search ends at 37 Avenue C, Burlington, VT 05408! This isn't a blast from the past; it's a 2023 mobile home! That’s right—it’s basically brand new, meaning you get to skip straight past the headaches of old houses (hello, fresh systems!) and get right to the fun of decorating your new space. This adorable pad features 2 bright bedrooms and 1 sparkling bathroom, perfectly laid out for simple, stress-free living. The whole home has a wonderfully fresh feel—crisp, clean, and totally contemporary. You won't find a single dated corner here! Think modern finishes, great natural light, and top-tier efficiency that keeps your wallet happy. It's the ultimate low-maintenance lifestyle! Whether you're a first-time buyer eager to get a foothold in the market or you're looking to downsize and simplify, this home is your perfect starting line. Spend your weekends hitting the Burlington Bike Path or exploring the local scene, not wrestling with leaky faucets or old wiring! Don't settle for “others” when you can have a home that's truly ready for its next adventure. This little gem is priced to move and ready for you to make it your own. Be sure to check out the 3D walkthrough. Contact us today to book your private showing!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VT · Partial reset (capped growth)

• Current annual tax: $1,346 · $112/mo
• Projected year-2 tax: $1,756 · $146/mo
• Expected delta: +$410/yr (+$34/mo · 30.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,798
• − Mortgage interest: −$6,386
• − Property taxes: −$1,346
• − Insurance: −$570
• − Repairs & maintenance: −$2,304
• − Management: −$2,304
• − HOA: −$5,160
• − Depreciation: −$3,316
• Taxable income: $7,412
• Est. tax owed @ 24.0%: −$1,779
• After-tax cash flow: $6,722/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This 2023 mobile home is in excellent condition, move-in ready with a fresh, contemporary feel. Minor updates to the exterior and interior could further enhance its curb appeal and value.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics
• Both Landscaping and curb appeal improvements — Enhances curb appeal and property value
• Both Replace window treatments — Freshens up the interior and improves energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping and curb appeal improvements — Enhances curb appeal and property value ↑
• Both Replace window treatments — Freshens up the interior and improves energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

No district data.

Livability — Burlington

• Score: 74/100
• State rank: #19
• US rank: #4619

Category grades

Amenities F Commute A+ Cost of living D Crime F Employment B Housing B Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burlington, VT
• City population: 31,662
• Population (ZIP): 10,199

Population outlook (Chittenden County) Hauer SSP2

• Today (2025): 170,769 people
• By 2030: 174,716 · +2.3%
• By 2040: 180,337 · +5.6%
• By 2050: 183,768 · +7.6%
• By 2075: 194,646 · +14.0%
• By 2100: 194,933 · +14.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Black 4% Hispanic / Latino 3% Asian 3%
• Common ancestry: Lithuanian 9% Slovak 5% Romanian 5%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 89% English-only · French/Haitian/Cajun 3% Russian/Polish/Slavic 3% Spanish 1%

Political lean MEDSL · Chittenden

• 2024 margin: Solid D (+53.6) · D 75.4% · R 21.7% · Other 2.9%
• 2008→2024 swing: +8.9pp toward D · 2008: 44.8pp · 2024: 53.6pp
• All cycles: 2024: D+53.6 2020: D+54.5 2016: D+46.8 2012: D+41.9 2008: D+44.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -212.09%
• Current HPI: 319.5442
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

3 events — show timeline

• 2026-04-17 Relisted — PrimeMLS
• 2026-04-09 Pending — PrimeMLS
• 2025-10-31 Listed $124,900 PrimeMLS

Property tax history

+9.3%/yr

Latest (2024): $1,346 · +9.3% YoY. Source: county tax records.