404 Goodwin RdDurhamNC27712
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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 404 Goodwin Rd, Durham, NC, 27712 listed at $360,000 pairs $2,245/mo rent with a $1,762/mo payment to leave $51/mo cash flow. Total monthly income runs $2,245/mo, and annual cash flow reaches $612/yr on $119,340 cash to close. Return on cash invested measures 20.42% in year one, and rental yield registers 7.48% at a $360,000 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 105.46% and total cumulative return in cash totals $125,853. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,245/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.80 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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Listed by: Shane Jameson Kirk • Flex Realty
Mls Name: Doorify MLS
Mls ID: #10124682