623 Massey AveDurhamNC27701
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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 623 Massey Ave, Durham, NC, 27701 earns $634/mo cash flow from $2,858/mo rent with a $1,786/mo payment. Total monthly income totals $2,858/mo, and annual cash flow totals $7,608/yr on $120,998 capital. ROI tracks 26.2% on current figures, and rental yield reads 9.4% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 136.43% and total cumulative return in cash sums $165,079. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,858/mo property income instead of your personal income.
Single Family
Built in 1964
5,227 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: Marie Kathleen Brockenbrough • Inhabit Real Estate
Mls Name: Doorify MLS
Mls ID: #10093385