1119 Latitude DrDurhamNC27713
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 1119 Latitude Dr, Durham, NC, 27713 in Durham worth modelling. At $340,000 with a 8.62% gross yield, the $2,442/mo rent leaves $118/mo after the $1,529/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.60 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $93,936 by year five; $3,131/yr in principal reduction adds further equity. Total projected return: $137,435.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.2% |
| Monthly Cash Flow | $118 | $350 |
City averages based on Durham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,442 |
| Total Monthly Debt Service | $2,189 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2019
2,178 sqft lot
$N/A/sqft
$165 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27713, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,653 (100%) |
| Owner Occupied HU | 15,563 (56.3%) |
| Renter Occupied HU | 10,994 (39.8%) |
| Vacant Housing Units | 1,096 ( 4.0%) |
| Median Home Value | $424,275 |
| Average Home Value | $474,898 |
Housing Distribution
Address Breakdown
Residential
26,168
Single Family
18,385
Multi-Family
7,783
Businesses
1,493
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2019
2,178 sqft lot
$N/A/sqft
$165 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27713, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,653 (100%) |
| Owner Occupied HU | 15,563 (56.3%) |
| Renter Occupied HU | 10,994 (39.8%) |
| Vacant Housing Units | 1,096 ( 4.0%) |
| Median Home Value | $424,275 |
| Average Home Value | $474,898 |
Housing Distribution
Address Breakdown
Residential
26,168
Single Family
18,385
Multi-Family
7,783
Businesses
1,493
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Naama Shaked • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10155781
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2026 Doorify MLS of North Carolina. All rights reserved.