511 E Maynard AveDurhamNC27704
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
Investment property for sale in Durham at 511 E Maynard Ave, Durham, NC, 27704 uses $65,886 cash to close to unlock $2,670/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,434/mo, and a $973/mo payment keeps the spread at $222/mo. Purchase price stands at $198,750, and rental yield measures 8.66% with $1,434/mo rent. Return on cash invested shows 23.96% in year one, and 5% annual appreciation builds toward $54,911 over five years. Five-year ROI reaches 124.49% and total cumulative return in cash records $82,019. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,434/mo property income covering a $973/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27704, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,576 (100%) |
| Owner Occupied HU | 9,231 (55.7%) |
| Renter Occupied HU | 6,559 (39.6%) |
| Vacant Housing Units | 786 ( 4.7%) |
| Median Home Value | $325,650 |
| Average Home Value | $349,237 |
Housing Distribution
Address Breakdown
Residential
15,928
Single Family
13,290
Multi-Family
2,638
Businesses
1,001
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Nearby investment properties with comparable prices
Listed by: Sharmain Collier • DASH Carolina
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10092145
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