409 Magna 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
Investment property for sale in Durham at 409 Magna Dr, Durham, NC, 27703 earns from $1,895/mo rent with a $1,615/mo payment. Total monthly income totals $1,895/mo. ROI tracks 18.64% on current figures, and rental yield reads 6.89% at a $330,000 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,173 over five years. Five-year ROI reaches 95.88% and total cumulative return in cash sums $104,891. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,895/mo property income instead of your personal income.
Single Family
Built in 2006
5,227 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: Thomas Ladane Shoupe • Opendoor Brokerage LLC
Mls Name: Doorify MLS
Mls ID: #10140406