18 Parsons Chase LnDurhamNC27713
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow18 Parsons Chase Ln, Durham, NC, 27713 in Durham earns its strong cash-flow label: 11.54% yield, $2,861/mo rent, $793/mo net income, DSCR 2.14. The $297,500 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $82,194 by year five. Combined with $2,740/yr in principal paydown, total projected return reaches $164,795.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.2% |
| Monthly Cash Flow | $793 | $350 |
City averages based on Durham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,861 |
| Total Monthly Debt Service | $1,950 |
| DSCR Ratio | 1.47x |
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 1988
871.20 sqft lot
$N/A/sqft
$255 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 1988
871.20 sqft lot
$N/A/sqft
$255 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