3713 Phillips Way WDurhamNC27713
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
Investment Highlights
Rental property for sale in Durham at 3713 Phillips Way W, Durham, NC, 27713 offers $2,173/mo rent that, after a $1,622/mo payment, leaves $153/mo cash flow. Total monthly income is $2,173/mo, and annual cash flow is $1,840/yr on $109,859 cash. Return on cash invested measures 21.58% in year one, and rental yield stands at 7.87% at a $331,400 entry. Equity gained on principal adds $2,138/yr while 5% annual appreciation compounds into $91,560 by year five. Five-year ROI records 111.73% and total cumulative return in cash reaches $122,742. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,173/mo property income versus a $1,622/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27713, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,653 (100%) |
| Owner Occupied HU | 15,563 (56.3%) |
| Renter Occupied HU | 10,994 (39.8%) |
| Vacant Housing Units | 1,096 ( 4.0%) |
| Median Home Value | $424,275 |
| Average Home Value | $474,898 |
Housing Distribution
Address Breakdown
Residential
26,168
Single Family
18,385
Multi-Family
7,783
Businesses
1,493
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A