508 E Lavender AveDurhamNC27704
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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 508 E Lavender Ave, Durham, NC, 27704 with 5% annual appreciation on a $515,000 basis while $2,556/mo rent supports operations. 93% in year one. Equity gained on principal adds $3,323/yr, and five-year appreciation sums $142,285 alongside rental yield of 5.96%. Five-year ROI measures 81.34% and total cumulative return in cash totals $137,821. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,556/mo property income versus a $2,521/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2020
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27704, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,576 (100%) |
| Owner Occupied HU | 9,231 (55.7%) |
| Renter Occupied HU | 6,559 (39.6%) |
| Vacant Housing Units | 786 ( 4.7%) |
| Median Home Value | $325,650 |
| Average Home Value | $349,237 |
Housing Distribution
Address Breakdown
Residential
15,928
Single Family
13,290
Multi-Family
2,638
Businesses
1,001
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Listed by: Debi Saleeby • Coldwell Banker - HPW
Mls Name: Doorify MLS
Mls ID: #10124825