429 Eugene StDurhamNC27701
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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
Investment property for sale in Durham at 429 Eugene St, Durham, NC, 27701 uses $82,842 cash to close to unlock $3,349/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $1,802/mo, and a $1,223/mo payment keeps the spread at $279/mo. Purchase price stands at $249,900, and rental yield measures 8.65% with $1,802/mo rent. Return on cash invested shows 23.95% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 124.45% and total cumulative return in cash records $103,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,802/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1959
6,534 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: Nicholas S Yarrington • Grow Local Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10139927