709 Grandview DrDurhamNC27703
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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
Rental property for sale in Durham at 709 Grandview Dr, Durham, NC, 27703 offers $2,007/mo rent that, after a $1,997/mo payment. Total monthly income is $2,007/mo. Return on cash invested measures 15.65% in year one, and rental yield stands at 5.9% at a $408,000 entry. Equity gained on principal adds $2,633/yr while 5% annual appreciation compounds into $112,723 by year five. Five-year ROI records 79.91% and total cumulative return in cash reaches $108,079. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,007/mo property income versus a $1,997/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27703, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,213 (100%) |
| Owner Occupied HU | 18,977 (58.9%) |
| Renter Occupied HU | 10,683 (33.2%) |
| Vacant Housing Units | 2,553 ( 7.9%) |
| Median Home Value | $393,167 |
| Average Home Value | $416,186 |
Housing Distribution
Address Breakdown
Residential
29,548
Single Family
23,958
Multi-Family
5,590
Businesses
1,525
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Listed by: Latrice N Harris • L.Harris Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10138114