2551 Drake AveDurhamNC27705
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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 2551 Drake Ave, Durham, NC, 27705 listed at $770,000 pairs $4,260/mo rent with a $3,769/mo payment. Total monthly income runs $4,260/mo. Return on cash invested measures 17.73% in year one, and rental yield registers 6.64% at a $770,000 basis. Equity gained on principal adds $4,969/yr, and annual property appreciation at 5% supports $212,737 by year five. Five-year ROI tracks 91.08% and total cumulative return in cash totals $230,745. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,260/mo property income relative to a $3,769/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
9,147 sqft lot
$N/A/sqft
No HOA
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Listed by: Chris Edwards • Keller Williams Realty Cary
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10102904
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.