4400 Lazyriver DrDurhamNC27712
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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 4400 Lazyriver Dr, Durham, NC, 27712 uses $111,053 cash to close to unlock $4,452/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $2,413/mo, and a $1,640/mo payment keeps the spread at $371/mo. Purchase price stands at $335,000, and rental yield measures 8.64% with $2,413/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 124.2% and total cumulative return in cash records $137,924. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,413/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1998
10,454 sqft 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: Thomas Kortus • Nest Realty of the Triangle
Mls Name: Doorify MLS
Mls ID: #10122653