621 Martin StDurhamNC27704
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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 621 Martin St, Durham, NC, 27704 listed at $284,900 pairs $2,215/mo rent with a $1,394/mo payment to leave $479/mo cash flow. Total monthly income runs $2,215/mo, and annual cash flow reaches $5,749/yr on $94,444 cash to close. Return on cash invested measures 26% in year one, and rental yield registers 9.33% at a $284,900 basis. Equity gained on principal adds $1,838/yr, and annual property appreciation at 5% supports $78,713 by year five. Five-year ROI tracks 135.42% and total cumulative return in cash totals $127,895. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,215/mo property income relative to a $1,394/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27704, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,576 (100%) |
| Owner Occupied HU | 9,231 (55.7%) |
| Renter Occupied HU | 6,559 (39.6%) |
| Vacant Housing Units | 786 ( 4.7%) |
| Median Home Value | $325,650 |
| Average Home Value | $349,237 |
Housing Distribution
Address Breakdown
Residential
15,928
Single Family
13,290
Multi-Family
2,638
Businesses
1,001
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Listed by: Ian Kipp • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls ID: #10131203