2615 Barwick DrDurhamNC27704
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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 2615 Barwick Dr, Durham, NC, 27704 offers a 8.02% rental yield on a $332,000 purchase with $2,220/mo rent. Total monthly income registers $2,220/mo, and a $1,625/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,359/yr on $110,058 to close, and return on cash invested stands at 22.05% in year one. Equity gained on principal adds $2,142/yr while 5% annual appreciation supports $91,725 over five years. Portfolio math shows five-year ROI at 114.23% and total cumulative return in cash at $125,715. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,220/mo property income against a $1,625/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
N/A lot
$N/A/sqft
No 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: Trevor Smith • NextHome RARE Properties
Mls Name: Doorify MLS
Mls ID: #10142560