214 Towne Ridge Ln, Durham, NC, 27516 | 7.81% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Durham at 214 Towne Ridge Ln, Durham, NC, 27516 generates $3,858/mo in rent, after a $2,900/mo payment. Total monthly income is $3,858/mo. Return on cash invested sits at 18.59% in year one, and rental yield is 7.81% on a $592,500 entry. Equity gained on principal adds $3,823/yr, while 5% annual appreciation builds toward $163,697 over five years. Five-year ROI reaches 96.68% and total cumulative return in cash sums $188,457. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,858/mo property income rather than buyer’s personal income.

Townhouse

Built in 2004

3,920 sqft lot

$N/A/sqft

$306 monthly HOA