23 Joci CtDurhamNC27704
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderAt $335,000, 23 Joci Ct, Durham, NC, 27704 in Durham generates $1,866/mo in rent (7.46% yield) but nets only $24/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.24) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $92,554. Total projected return: $114,817.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.2% |
| Monthly Cash Flow | $24 | $350 |
City averages based on Durham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,866 |
| Total Monthly Debt Service | $1,922 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1988
10,454 sqft lot
$N/A/sqft
$164 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27704, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,576 (100%) |
| Owner Occupied HU | 9,231 (55.7%) |
| Renter Occupied HU | 6,559 (39.6%) |
| Vacant Housing Units | 786 ( 4.7%) |
| Median Home Value | $325,650 |
| Average Home Value | $349,237 |
Housing Distribution
Address Breakdown
Residential
15,928
Single Family
13,290
Multi-Family
2,638
Businesses
1,001
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 1988
10,454 sqft lot
$N/A/sqft
$164 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27704, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,576 (100%) |
| Owner Occupied HU | 9,231 (55.7%) |
| Renter Occupied HU | 6,559 (39.6%) |
| Vacant Housing Units | 786 ( 4.7%) |
| Median Home Value | $325,650 |
| Average Home Value | $349,237 |
Housing Distribution
Address Breakdown
Residential
15,928
Single Family
13,290
Multi-Family
2,638
Businesses
1,001
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren Murphy • Premier Advantage Realty Inc
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10104124
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.