3702 Turquoise DrDurhamNC27703
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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
Rental property for sale in Durham at 3702 Turquoise Dr, Durham, NC, 27703 generates $2,299/mo in rent and, after a $1,566/mo payment, leaves $349/mo in cash flow. Total monthly income is $2,299/mo, and annual cash flow is $4,188/yr on $106,077 invested. Return on cash invested sits at 23.86% in year one, and rental yield is 8.62% on a $319,990 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,407 over five years. Five-year ROI reaches 123.93% and total cumulative return in cash sums $131,460. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,299/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
10,018 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: Michelle Dail • ERA Live Moore
Mls Name: Doorify MLS
Mls ID: #10141704