2815 State Highway 55DurhamNC27713
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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 2815 State Highway 55, Durham, NC, 27713 uses $145,031 cash to close to unlock $6,480/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $3,206/mo, and a $2,141/mo payment keeps the spread at $540/mo. Purchase price stands at $437,500, and rental yield measures 8.79% with $3,206/mo rent. Return on cash invested shows 24.38% in year one, and 5% annual appreciation builds toward $120,873 over five years. Five-year ROI reaches 126.66% and total cumulative return in cash records $183,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,206/mo property income covering a $2,141/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27713, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,653 (100%) |
| Owner Occupied HU | 15,563 (56.3%) |
| Renter Occupied HU | 10,994 (39.8%) |
| Vacant Housing Units | 1,096 ( 4.0%) |
| Median Home Value | $424,275 |
| Average Home Value | $474,898 |
Housing Distribution
Address Breakdown
Residential
26,168
Single Family
18,385
Multi-Family
7,783
Businesses
1,493
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Listed by: Tricia Sloan • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls ID: #10111949