502 Auburn Square DrDurhamNC27713
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 502 Auburn Square Dr, Durham, NC, 27713 offers $1,804/mo rent that, after a $1,468/mo payment. Total monthly income is $1,804/mo. Return on cash invested measures 16.92% in year one, and rental yield stands at 7.22% at a $299,990 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,882 by year five. Five-year ROI records 87.69% and total cumulative return in cash reaches $87,201. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,804/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2002
1,742 sqft lot
$N/A/sqft
$224 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27713, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,653 (100%) |
| Owner Occupied HU | 15,563 (56.3%) |
| Renter Occupied HU | 10,994 (39.8%) |
| Vacant Housing Units | 1,096 ( 4.0%) |
| Median Home Value | $424,275 |
| Average Home Value | $474,898 |
Housing Distribution
Address Breakdown
Residential
26,168
Single Family
18,385
Multi-Family
7,783
Businesses
1,493
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Nearby investment properties with comparable prices
Listed by: Liz Schoeneberger • Keller Williams Elite Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10056759
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