1813 Grady DrDurhamNC27712
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
Investment Highlights
Investment property for sale in Durham at 1813 Grady Dr, Durham, NC, 27712 offers a 9.37% rental yield on a $314,000 purchase with $2,453/mo rent. Total monthly income registers $2,453/mo, and a $1,537/mo payment leaves $539/mo available for distribution. Annual cash flow reaches $6,470/yr on $104,091 to close, and return on cash invested stands at 26.13% in year one. Equity gained on principal adds $2,026/yr while 5% annual appreciation supports $86,752 over five years. Portfolio math shows five-year ROI at 136.1% and total cumulative return in cash at $141,663. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,453/mo property income against a $1,537/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27712, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,782 (100%) |
| Owner Occupied HU | 7,894 (89.9%) |
| Renter Occupied HU | 649 ( 7.4%) |
| Vacant Housing Units | 239 ( 2.7%) |
| Median Home Value | $418,705 |
| Average Home Value | $479,162 |
Housing Distribution
Address Breakdown
Residential
8,857
Single Family
8,770
Multi-Family
87
Businesses
122
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Listed by: LaPrecious Chavis • Chavis in the City Real Estate
Mls Name: Doorify MLS
Mls ID: #10109103