613 Hicks StDurhamNC27705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 613 Hicks St, Durham, NC, 27705 with 5% annual appreciation on a $305,000 basis while $2,324/mo rent supports operations. Total monthly income totals $2,324/mo and a $1,493/mo payment preserves $465/mo for cash returns. Annual cash flow comes to $5,580/yr on $101,108 deployed, and return on cash invested reaches 25.43% in year one. Equity gained on principal adds $1,968/yr, and five-year appreciation sums $84,266 alongside rental yield of 9.14%. Five-year ROI measures 132.31% and total cumulative return in cash totals $133,774.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,324/mo property income versus a $1,493/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1935
5,227 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Whaley • Frasher Whaley Realty Group
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10109566
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.