1000 Fargo St APT G3DurhamNC27707
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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 1000 Fargo St APT G3, Durham, NC, 27707 earns $241/mo cash flow from $1,612/mo rent with a $1,101/mo payment. Total monthly income totals $1,612/mo, and annual cash flow totals $2,893/yr on $74,554 capital. ROI tracks 23.79% on current figures, and rental yield reads 8.6% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 123.58% and total cumulative return in cash sums $92,137. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,612/mo property income instead of your personal income.
Townhouse
Built in 1985
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27707, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,539 (100%) |
| Owner Occupied HU | 9,060 (38.5%) |
| Renter Occupied HU | 12,484 (53.0%) |
| Vacant Housing Units | 1,995 ( 8.5%) |
| Median Home Value | $476,975 |
| Average Home Value | $520,735 |
Housing Distribution
Address Breakdown
Residential
22,469
Single Family
15,431
Multi-Family
7,038
Businesses
1,397
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Listed by: Stephanie L Gaither-Harris • Keller Williams Elite Realty
Mls Name: Doorify MLS
Mls ID: #10112757