321 Ibis LnDurhamNC27703
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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 321 Ibis Ln, Durham, NC, 27703 with 5% annual appreciation on a $769,900 basis while $3,200/mo rent supports operations. 99% in year one. Equity gained on principal adds $4,968/yr, and five-year appreciation sums $212,709 alongside rental yield of 4.99%. Five-year ROI measures 65.61% and total cumulative return in cash totals $166,177. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,200/mo property income versus a $3,768/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2016
7,148 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: Nathaly Prieto • RE/MAX United
Mls Name: Doorify MLS
Mls ID: #10111062