2038 Buffalo WayDurhamNC27704
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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 2038 Buffalo Way, Durham, NC, 27704 earns $306/mo cash flow from $2,142/mo rent with a $1,463/mo payment. Total monthly income totals $2,142/mo, and annual cash flow totals $3,677/yr on $99,119 capital. ROI tracks 23.62% on current figures, and rental yield reads 8.6% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 122.7% and total cumulative return in cash sums $121,618. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,142/mo property income instead of your personal income.
Single Family
Built in 2002
6,969 sqft lot
$N/A/sqft
$165 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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Listed by: Julia Newbold • Nest Realty of the Triangle
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10101616
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.