114 E Club BlvdDurhamNC27704
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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
Rental property for sale in Durham at 114 E Club Blvd, Durham, NC, 27704 priced at $250,000 converts $1,465/mo rent into after a $1,224/mo obligation. Total monthly income equals $1,465/mo. Return on cash invested prints 19.05% in year one, and rental yield reads 7.03% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 98.11% and total cumulative return in cash sums $81,310. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,465/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27704, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,576 (100%) |
| Owner Occupied HU | 9,231 (55.7%) |
| Renter Occupied HU | 6,559 (39.6%) |
| Vacant Housing Units | 786 ( 4.7%) |
| Median Home Value | $325,650 |
| Average Home Value | $349,237 |
Housing Distribution
Address Breakdown
Residential
15,928
Single Family
13,290
Multi-Family
2,638
Businesses
1,001
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Listed by: John Whaley • Frasher Whaley Realty Group
Mls Name: Doorify MLS
Mls ID: #10111037