1008 Morning Glory AveDurhamNC27701
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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 1008 Morning Glory Ave, Durham, NC, 27701 offers a 9.5% rental yield on a $225,000 purchase with $1,782/mo rent. Total monthly income registers $1,782/mo, and a $1,101/mo payment leaves $411/mo available for distribution. Annual cash flow reaches $4,932/yr on $74,588 to close, and return on cash invested stands at 26.52% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 138.16% and total cumulative return in cash at $103,053. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,782/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27701, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,573 (100%) |
| Owner Occupied HU | 3,590 (23.1%) |
| Renter Occupied HU | 9,727 (62.5%) |
| Vacant Housing Units | 2,256 (14.5%) |
| Median Home Value | $541,162 |
| Average Home Value | $585,584 |
Housing Distribution
Address Breakdown
Residential
13,401
Single Family
8,169
Multi-Family
5,232
Businesses
1,288
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Listed by: John Whaley • Frasher Whaley Realty Group
Mls Name: Doorify MLS
Mls ID: #10133817