312 N Buchanan Blvd APT 401DurhamNC27701
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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
Total monthly income runs $3,556/mo, and a $8,296/mo payment. Purchase price stands at $1,695,000, and rental yield measures 2.52% with $3,556/mo rent. Return on cash invested shows 5.57% in year one, and 5% annual appreciation builds toward $468,297 over five years. Five-year ROI reaches 25.71% and total cumulative return in cash records $141,189. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,556/mo property income covering a $8,296/mo payment rather than investor’s personal income.
Condo
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27701, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,573 (100%) |
| Owner Occupied HU | 3,590 (23.1%) |
| Renter Occupied HU | 9,727 (62.5%) |
| Vacant Housing Units | 2,256 (14.5%) |
| Median Home Value | $541,162 |
| Average Home Value | $585,584 |
Housing Distribution
Address Breakdown
Residential
13,401
Single Family
8,169
Multi-Family
5,232
Businesses
1,288
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Listed by: Scott Mueller • Nest Realty of the Triangle
Mls Name: Doorify MLS
Mls ID: #10123064