314 N Briggs AveDurhamNC27703
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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 314 N Briggs Ave, Durham, NC, 27703 uses $71,604 cash to close to unlock $4,282/yr annual cash flow and $357/mo monthly cash flow. Total monthly income runs $1,673/mo, and a $1,057/mo payment keeps the spread at $357/mo. Purchase price stands at $216,000, and rental yield measures 9.29% with $1,673/mo rent. Return on cash invested shows 25.89% in year one, and 5% annual appreciation builds toward $59,677 over five years. Five-year ROI reaches 134.8% and total cumulative return in cash records $96,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,673/mo property income covering a $1,057/mo payment rather than investor’s personal income.
Single Family
Built in 1955
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27703, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,213 (100%) |
| Owner Occupied HU | 18,977 (58.9%) |
| Renter Occupied HU | 10,683 (33.2%) |
| Vacant Housing Units | 2,553 ( 7.9%) |
| Median Home Value | $393,167 |
| Average Home Value | $416,186 |
Housing Distribution
Address Breakdown
Residential
29,548
Single Family
23,958
Multi-Family
5,590
Businesses
1,525
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Listed by: Mariana A Byrd • Urban Durham Realty
Mls Name: Doorify MLS
Mls ID: #10116596