2603 Fairlawn RdDurhamNC27705
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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 2603 Fairlawn Rd, Durham, NC, 27705 offers a 6.59% rental yield on a $350,000 purchase with $1,923/mo rent. 74% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 91.06% and total cumulative return in cash at $105,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,923/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.37 Acres lot
$N/A/sqft
No HOA
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Listed by: Lisa Merritt • Nest Realty of the Triangle
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10108702
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.