518 Morehead Ave #108DurhamNC27707
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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 518 Morehead Ave #108, Durham, NC, 27707 listed at $885,000 pairs $1,523/mo rent with a $4,332/mo payment. Total monthly income runs $1,523/mo. Return on cash invested measures 4.11% in year one, and rental yield registers 2.07% at a $885,000 basis. Equity gained on principal adds $5,711/yr, and annual property appreciation at 5% supports $244,509 by year five. Five-year ROI tracks 17.93% and total cumulative return in cash totals $52,218. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,523/mo property income relative to a $4,332/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2027
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27707, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,539 (100%) |
| Owner Occupied HU | 9,060 (38.5%) |
| Renter Occupied HU | 12,484 (53.0%) |
| Vacant Housing Units | 1,995 ( 8.5%) |
| Median Home Value | $476,975 |
| Average Home Value | $520,735 |
Housing Distribution
Address Breakdown
Residential
22,469
Single Family
15,431
Multi-Family
7,038
Businesses
1,397
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Listed by: Stephen Artabane • Urban Durham Realty
Mls Name: Doorify MLS
Mls ID: #10129441