2932 Sprucewood DrDurhamNC27707
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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 2932 Sprucewood Dr, Durham, NC, 27707 uses $89,174 cash to close to unlock $2,882/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $1,880/mo, and a $1,317/mo payment keeps the spread at $240/mo. Purchase price stands at $269,000, and rental yield measures 8.39% with $1,880/mo rent. Return on cash invested shows 23.14% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 120.09% and total cumulative return in cash records $107,087. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,880/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27707, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,539 (100%) |
| Owner Occupied HU | 9,060 (38.5%) |
| Renter Occupied HU | 12,484 (53.0%) |
| Vacant Housing Units | 1,995 ( 8.5%) |
| Median Home Value | $476,975 |
| Average Home Value | $520,735 |
Housing Distribution
Address Breakdown
Residential
22,469
Single Family
15,431
Multi-Family
7,038
Businesses
1,397
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Listed by: Ashlee Coad • Better Realty LLC
Mls Name: Doorify MLS
Mls ID: #10111035