2013 Walnut StDurhamNC27705
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 2013 Walnut St, Durham, NC, 27705 in Durham worth modelling. At $309,000 with a 7.57% gross yield, the $1,950/mo rent leaves $67/mo after the $1,389/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.40 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $85,371 by year five; $2,846/yr in principal reduction adds further equity. Total projected return: $121,412.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.2% |
| Monthly Cash Flow | $67 | $350 |
City averages based on Durham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,950 |
| Total Monthly Debt Service | $1,760 |
| DSCR Ratio | 1.11x |
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.
Single Family
Built in 1959
0.40 Acres lot
$N/A/sqft
No 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
Single Family
Built in 1959
0.40 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Kortus • Nest Realty of the Triangle
Mls Name: Doorify MLS
Mls ID: #10118192