4815 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 4815 Lazyriver Dr, Durham, NC, 27712 uses $119,340 cash to close to unlock $2,093/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $2,448/mo, and a $1,762/mo payment keeps the spread at $174/mo. Purchase price stands at $360,000, and rental yield measures 8.16% with $2,448/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 112.43% and total cumulative return in cash records $134,169. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,448/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1993
9,583 sqft lot
$N/A/sqft
$375 annually 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: Peyton Irby • Irby Stinson Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10124418
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.