513 Gordon 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
Rental property for sale in Durham at 513 Gordon St, Durham, NC, 27701 priced at $380,000 pairs $1,715/mo rent with after a $1,860/mo payment. Total monthly income equals $1,715/mo. Return on cash invested is 14.18% in year one, and rental yield stands at 5.42% on a $380,000 basis. Equity gained on principal adds $2,452/yr, and 5% annual appreciation accumulates to $104,987 by year five. Five-year ROI measures 72% and total cumulative return in cash reaches $90,697. For financing, Ziffy Mortgage’s DSCR program evaluates $1,715/mo property income against a $1,860/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
6,098 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: Carl Penny • Fathom Realty NC, LLC
Mls Name: Doorify MLS
Mls ID: #10113724