2607 Chapel Hill RdDurhamNC27707
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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 2607 Chapel Hill Rd, Durham, NC, 27707 priced at $795,000 pairs $1,519/mo rent with after a $3,891/mo payment. Total monthly income equals $1,519/mo. Return on cash invested is 4.8% in year one, and rental yield stands at 2.29% on a $795,000 basis. Equity gained on principal adds $5,130/yr, and 5% annual appreciation accumulates to $219,644 by year five. Five-year ROI measures 21.65% and total cumulative return in cash reaches $56,638. For financing, Ziffy Mortgage’s DSCR program evaluates $1,519/mo property income against a $3,891/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1925
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27707, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,539 (100%) |
| Owner Occupied HU | 9,060 (38.5%) |
| Renter Occupied HU | 12,484 (53.0%) |
| Vacant Housing Units | 1,995 ( 8.5%) |
| Median Home Value | $476,975 |
| Average Home Value | $520,735 |
Housing Distribution
Address Breakdown
Residential
22,469
Single Family
15,431
Multi-Family
7,038
Businesses
1,397
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Listed by: Garrett Warren White • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10133464