1309 Hudson Ave #D-6DurhamNC27705
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1309 Hudson Ave #D-6, Durham, NC, 27705 in Durham at $198,000 earns $1,393/mo in rent and nets $105/mo after the $890/mo payment, a 8.44% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $54,704 over five years. Ziffy Mortgage underwrites this on a 1.57 DSCR without U.S. credit history. With $1,824/yr in principal paydown, total projected return reaches $82,166.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $105 | $350 |
City averages based on Durham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,393 |
| Total Monthly Debt Service | $1,209 |
| DSCR Ratio | 1.15x |
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.
Condo
Built in 1984
N/A lot
$N/A/sqft
$81 monthly HOA
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
Condo
Built in 1984
N/A lot
$N/A/sqft
$81 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leon D Frati • Urban Durham Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10104735
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.