501 Finsbury St APT 207DurhamNC27703
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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 501 Finsbury St APT 207, Durham, NC, 27703 uses $72,101 cash to close to unlock $3,372/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,607/mo, and a $1,065/mo payment keeps the spread at $281/mo. Purchase price stands at $217,500, and rental yield measures 8.87% with $1,607/mo rent. Return on cash invested shows 24.59% in year one, and 5% annual appreciation builds toward $60,091 over five years. Five-year ROI reaches 127.78% and total cumulative return in cash records $92,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,607/mo property income covering a $1,065/mo payment rather than investor’s personal income.
Condo
Built in 2008
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
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Listed by: Diane Ellison • Long & Foster Real Estate INC/Raleigh
Mls Name: Doorify MLS
Mls ID: #10139885