328 Smith DrDurhamNC27712
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 328 Smith Dr, Durham, NC, 27712 offers $2,372/mo rent that, after a $1,786/mo payment, leaves $148/mo cash flow. Total monthly income is $2,372/mo, and annual cash flow is $1,777/yr on $120,964 cash. Return on cash invested measures 21.38% in year one, and rental yield stands at 7.8% at a $364,900 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,815 by year five. Five-year ROI records 110.63% and total cumulative return in cash reaches $133,824. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,372/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27712, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,782 (100%) |
| Owner Occupied HU | 7,894 (89.9%) |
| Renter Occupied HU | 649 ( 7.4%) |
| Vacant Housing Units | 239 ( 2.7%) |
| Median Home Value | $418,705 |
| Average Home Value | $479,162 |
Housing Distribution
Address Breakdown
Residential
8,857
Single Family
8,770
Multi-Family
87
Businesses
122
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Nearby investment properties with comparable prices
Listed by: Nicholas S Yarrington • Grow Local Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10138046