3088 Colony Rd #3088A, Durham, NC, 27705 | $989/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Durham at 3088 Colony Rd #3088A, Durham, NC, 27705 generates $1,885/mo in rent and, after a $524/mo payment, leaves $989/mo in cash flow. Total monthly income is $1,885/mo, and annual cash flow is $11,864/yr on $35,471 invested. Return on cash invested sits at 53.36% in year one, and rental yield is 21.14% on a $107,000 entry. Equity gained on principal adds $690/yr, while 5% annual appreciation builds toward $29,562 over five years. Five-year ROI reaches 285.11% and total cumulative return in cash sums $101,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,885/mo property income rather than buyer’s personal income.

Condo

Built in 1972

N/A lot

$N/A/sqft

$195 monthly HOA