613 Midway AveDurhamNC27703
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 Midway Ave, Durham, NC, 27703 at $193,000 posts ROI 26.16% with $333/mo cash flow from $1,510/mo rent. Total monthly income equals $1,510/mo, and annual cash flow records $4,001/yr on $63,980 to close. Return on cash invested measures 26.16% and rental yield reads 9.39% at the current $193,000. Equity gained on principal adds $1,245/yr, and 5% annual appreciation supports $53,322 by year five. Five-year ROI prints 136.31% and total cumulative return in cash totals $87,210.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,510/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
9,147 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marvin Bobbitt • Frank Ward, REALTORS
Mls Name: Doorify MLS
Mls ID: #10118698