214 Cedar Elm RdDurhamNC27713
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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 214 Cedar Elm Rd, Durham, NC, 27713 priced at $360,000 converts $2,092/mo rent into after a $1,762/mo obligation. Total monthly income equals $2,092/mo. Return on cash invested prints 16.66% in year one, and rental yield reads 6.97% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 86.09% and total cumulative return in cash sums $102,741. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,092/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Townhouse
Built in 2006
1,306 sqft lot
$N/A/sqft
$170 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
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Listed by: Ed W Billings • Compass -- Chapel Hill - Durham
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10096389
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.