2024 Spring Creek DrDurhamNC27704
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Nearby investment properties with comparable prices
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 2024 Spring Creek Dr, Durham, NC, 27704 with 5% annual appreciation on a $345,000 basis while $2,138/mo rent supports operations. Total monthly income totals $2,138/mo and a $1,689/mo payment preserves $14/mo for cash returns. Annual cash flow comes to $170/yr on $114,368 deployed, and return on cash invested reaches 20.06% in year one. Equity gained on principal adds $2,226/yr, and five-year appreciation sums $95,317 alongside rental yield of 7.44%. Five-year ROI measures 103.62% and total cumulative return in cash totals $118,504.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,138/mo property income versus a $1,689/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
7,840 sqft lot
$N/A/sqft
$250 annually 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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Nearby investment properties with comparable prices
Listed by: Arlyn Mabel Solorzano Aleman • Keller Williams Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10091057
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