322 Monmouth AveDurhamNC27701
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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 322 Monmouth Ave, Durham, NC, 27701 priced at $450,000 converts $2,512/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,512/mo. Return on cash invested prints 18.05% in year one, and rental yield reads 6.7% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 92.75% and total cumulative return in cash sums $138,354. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,512/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1948
7,405 sqft 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: Matthew Lewis Lawing • West & Woodall Real Estate - D
Mls Name: Doorify MLS
Mls ID: #10119220