73 Sparger Springs Ln, Durham, NC, 27705 | $323/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1604 sft

221 Country Ln, Timberlake, NC, 27583

2 Bed
1 Bath
912 sft

2206 E Club Blvd, Durham, NC, 27704

3 Bed
2 Bath
1014 sft

202 Peachtree St, Creedmoor, NC, 27522

2 Bed
3 Bath
1419 sft

100 Stratford Lakes Dr UNIT 227, Durham, NC, 27713

Nearby investment properties with comparable prices

2 Bed
3 Bath
1017 sft

126 Friar Ln, Carrboro, NC, 27510

2 Bed
3 Bath
1190 sft

227 Schultz St, Chapel Hill, NC, 27514

Investment Property+ 1 more

2 Bed
2 Bath
1006 sft

3622 Colchester St APT 7, Durham, NC, 27707

1 Bed
1 Bath
809 sft

300 Finsbury St APT 109, Durham, NC, 27703

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Durham at 73 Sparger Springs Ln, Durham, NC, 27705 priced at $268,000 converts $2,132/mo rent into $323/mo cash flow after a $1,312/mo obligation. Total monthly income equals $2,132/mo, and annual cash flow totals $3,874/yr on $88,842 invested. Return on cash invested prints 24.27% in year one, and rental yield reads 9.55% against a $268,000 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation compiles into $74,043 by year five. Five-year ROI reaches 126.98% and total cumulative return in cash sums $112,809. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,132/mo property income covering a $1,312/mo payment, not borrower’s personal income.

Townhouse

Built in 1987

2,178 sqft lot

$N/A/sqft

$172 monthly HOA