202 Lynn RdDurhamNC27703
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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 202 Lynn Rd, Durham, NC, 27703 listed at $299,900 pairs $2,224/mo rent with a $1,468/mo payment to leave $396/mo cash flow. Total monthly income runs $2,224/mo, and annual cash flow reaches $4,753/yr on $99,417 cash to close. Return on cash invested measures 24.69% in year one, and rental yield registers 8.9% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 128.4% and total cumulative return in cash totals $127,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,224/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27703, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,213 (100%) |
| Owner Occupied HU | 18,977 (58.9%) |
| Renter Occupied HU | 10,683 (33.2%) |
| Vacant Housing Units | 2,553 ( 7.9%) |
| Median Home Value | $393,167 |
| Average Home Value | $416,186 |
Housing Distribution
Address Breakdown
Residential
29,548
Single Family
23,958
Multi-Family
5,590
Businesses
1,525
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Listed by: Mark Edward Hargrove • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10126619