602 E Club BlvdDurhamNC27704
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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 602 E Club Blvd, Durham, NC, 27704 uses $66,300 cash to close to unlock $1,716/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $1,362/mo, and a $979/mo payment keeps the spread at $143/mo. Purchase price stands at $200,000, and rental yield measures 8.17% with $1,362/mo rent. Return on cash invested shows 22.5% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 116.59% and total cumulative return in cash records $77,300. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,362/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1979
7,840 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: Margaret McPhail • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10135937