3080 Colony Rd #3080ADurhamNC27705
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3080 Colony Rd #3080A, Durham, NC, 27705 in Durham carries a 1.57 coverage ratio, rent of $1,733/mo is 1.57 times the $1,102/mo payment. Rental yield 8.49%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $245,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $67,689; total projected cumulative return: $108,208.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $(194) | $350 |
City averages based on Durham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,733 |
| Total Monthly Debt Service | $1,396 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
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
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kendra Douros • Coldwell Banker Advantage
Mls Name: Doorify MLS
Mls ID: #10147728