115 Higbee StDurhamNC27704
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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 115 Higbee St, Durham, NC, 27704 priced at $225,000 converts $1,677/mo rent into $306/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,677/mo, and annual cash flow totals $3,672/yr on $74,588 invested. Return on cash invested prints 24.83% in year one, and rental yield reads 8.94% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 129.09% and total cumulative return in cash sums $96,285. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,677/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1949
10,454 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: Charles Michael Willis • DASH Carolina
Mls Name: Doorify MLS
Mls ID: #10139317