500 Sunset Lake DrDurhamNC27703
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 500 Sunset Lake Dr, Durham, NC, 27703 in Durham worth modelling. At $391,300 with a 7.36% gross yield, the $2,400/mo rent leaves $15/mo after the $1,760/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.36 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $108,109 by year five; $3,604/yr in principal reduction adds further equity. Total projected return: $149,193.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.2% |
| Monthly Cash Flow | $15 | $350 |
City averages based on Durham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,400 |
| Total Monthly Debt Service | $2,229 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No 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
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
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: KB Home
Mls Provider:
Mls ID: #N/A