1022 Carolina Ave, Durham, NC, 27705 | 4.26% Rental Yield

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Durham at 1022 Carolina Ave, Durham, NC, 27705 offers a 4.26% rental yield on a $599,000 purchase with $2,125/mo rent. 77% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 53.68% and total cumulative return in cash at $105,790. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,125/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1940

8,276 sqft lot

$N/A/sqft

No HOA