3602 Appling WayDurhamNC27703
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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 3602 Appling Way, Durham, NC, 27703 generates $2,894/mo in rent, after a $2,325/mo payment. Total monthly income is $2,894/mo. Return on cash invested sits at 19.5% in year one, and rental yield is 7.31% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 100.68% and total cumulative return in cash sums $158,539. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,894/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.60 Acres lot
$N/A/sqft
$313 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27703, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,213 (100%) |
| Owner Occupied HU | 18,977 (58.9%) |
| Renter Occupied HU | 10,683 (33.2%) |
| Vacant Housing Units | 2,553 ( 7.9%) |
| Median Home Value | $393,167 |
| Average Home Value | $416,186 |
Housing Distribution
Address Breakdown
Residential
29,548
Single Family
23,958
Multi-Family
5,590
Businesses
1,525
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Listed by: Andrea Benkart • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10119942
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.