243 Grey Elm TrlDurhamNC27713
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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
Investment property for sale in Durham at 243 Grey Elm Trl, Durham, NC, 27713 uses $99,450 cash to close to unlock $3,744/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $2,140/mo, and a $1,468/mo payment keeps the spread at $312/mo. Purchase price stands at $300,000, and rental yield measures 8.56% with $2,140/mo rent. Return on cash invested shows 23.67% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 122.9% and total cumulative return in cash records $122,220. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,140/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Townhouse
Built in 2005
1,742 sqft lot
$N/A/sqft
No 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: Ines Grigore • Keller Williams Legacy
Mls Name: Doorify MLS
Mls ID: #10122439