607 Lee 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 607 Lee St, Durham, NC, 27701 generates $4,171/mo in rent, after a $5,575/mo payment. Total monthly income is $4,171/mo. Return on cash invested sits at 11.36% in year one, and rental yield is 4.39% on a $1,139,000 entry. Equity gained on principal adds $7,350/yr, while 5% annual appreciation builds toward $314,685 over five years. Five-year ROI reaches 56.78% and total cumulative return in cash sums $209,532. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,171/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
9,583 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: Pete Eisenmann • Urban Durham Realty
Mls Name: Doorify MLS
Mls ID: #10112843