2015 Cheek RdDurhamNC27704
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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 Durham at 2015 Cheek Rd, Durham, NC, 27704 with 5% annual appreciation on a $437,000 basis while $2,619/mo rent supports operations. 54% in year one. Equity gained on principal adds $2,820/yr, and five-year appreciation sums $120,735 alongside rental yield of 7.19%. Five-year ROI measures 100.76% and total cumulative return in cash totals $145,960. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,619/mo property income versus a $2,139/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27704, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,576 (100%) |
| Owner Occupied HU | 9,231 (55.7%) |
| Renter Occupied HU | 6,559 (39.6%) |
| Vacant Housing Units | 786 ( 4.7%) |
| Median Home Value | $325,650 |
| Average Home Value | $349,237 |
Housing Distribution
Address Breakdown
Residential
15,928
Single Family
13,290
Multi-Family
2,638
Businesses
1,001
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Listed by: Patricia Rivera • RIVERA REALTY & PROPERTY MANAG
Mls Name: Doorify MLS
Mls ID: #10116803