128 Colvard Park DrDurhamNC27713
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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 Durham at 128 Colvard Park Dr, Durham, NC, 27713 priced at $1,250,000 converts $4,396/mo rent into after a $6,118/mo obligation. Total monthly income equals $4,396/mo. Return on cash invested prints 10.82% in year one, and rental yield reads 4.22% against a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation compiles into $345,352 by year five. Five-year ROI reaches 53.89% and total cumulative return in cash sums $218,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,396/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27713, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,653 (100%) |
| Owner Occupied HU | 15,563 (56.3%) |
| Renter Occupied HU | 10,994 (39.8%) |
| Vacant Housing Units | 1,096 ( 4.0%) |
| Median Home Value | $424,275 |
| Average Home Value | $474,898 |
Housing Distribution
Address Breakdown
Residential
26,168
Single Family
18,385
Multi-Family
7,783
Businesses
1,493
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Listed by: Laura Bartoli • Urban Durham Realty
Mls Name: Doorify MLS
Mls ID: #10120515