608 N Driver StDurhamNC27703
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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 608 N Driver St, Durham, NC, 27703 priced at $239,900 converts $1,497/mo rent into $35/mo cash flow after a $1,174/mo obligation. Total monthly income equals $1,497/mo, and annual cash flow totals $421/yr on $79,527 invested. Return on cash invested prints 20.44% in year one, and rental yield reads 7.49% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 105.62% and total cumulative return in cash sums $83,995. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,497/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27703, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,213 (100%) |
| Owner Occupied HU | 18,977 (58.9%) |
| Renter Occupied HU | 10,683 (33.2%) |
| Vacant Housing Units | 2,553 ( 7.9%) |
| Median Home Value | $393,167 |
| Average Home Value | $416,186 |
Housing Distribution
Address Breakdown
Residential
29,548
Single Family
23,958
Multi-Family
5,590
Businesses
1,525
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Listed by: John Whaley • Frasher Whaley Realty Group
Mls Name: Doorify MLS
Mls ID: #10133630