808 W Knox StDurhamNC27701
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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
Rental property for sale in Durham at 808 W Knox St, Durham, NC, 27701 priced at $899,900 converts $5,533/mo rent into $48/mo cash flow after a $4,405/mo obligation. Total monthly income equals $5,533/mo, and annual cash flow totals $577/yr on $296,067 invested. Return on cash invested prints 20.26% in year one, and rental yield reads 7.38% against a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation compiles into $248,626 by year five. Five-year ROI reaches 104.55% and total cumulative return in cash sums $309,544. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,533/mo property income covering a $4,405/mo payment, not borrower’s personal income.
Single Family
Built in 1958
7,405 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: Ashley Gronewald • Relevate Real Estate Inc.
Mls Name: Doorify MLS
Mls ID: #10130867