607 E Geer 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
Investment property for sale in Durham at 607 E Geer St, Durham, NC, 27701 earns $26/mo cash flow from $2,464/mo rent with a $1,958/mo payment. Total monthly income totals $2,464/mo, and annual cash flow totals $312/yr on $132,600 capital. ROI tracks 20.14% on current figures, and rental yield reads 7.39% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 103.96% and total cumulative return in cash sums $137,848. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,464/mo property income instead of your personal income.
Single Family
Built in 1941
0.34 Acres 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: Silver Silver • Costello Real Estate & Investm
Mls Name: Doorify MLS
Mls ID: #10107482