2925 Redwood RdDurhamNC27704
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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
Rental property for sale in Durham at 2925 Redwood Rd, Durham, NC, 27704 generates $2,408/mo in rent, after a $1,957/mo payment. Total monthly income is $2,408/mo. Return on cash invested sits at 19.65% in year one, and rental yield is 7.23% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 101.34% and total cumulative return in cash sums $134,348. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,408/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.45 Acres 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: Jordan Lee • Jordan Lee Real Estate
Mls Name: Doorify MLS
Mls ID: #10097243