929 Morreene Rd APT C31, Durham, NC, 27705 | $231/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Durham at 929 Morreene Rd APT C31, Durham, NC, 27705 generates $2,507/mo in rent and, after a $1,591/mo payment, leaves $231/mo in cash flow. Total monthly income is $2,507/mo, and annual cash flow is $2,772/yr on $107,738 invested. Return on cash invested sits at 22.48% in year one, and rental yield is 9.26% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 117.71% and total cumulative return in cash sums $126,817. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,507/mo property income rather than buyer’s personal income.

Condo

Built in 2004

N/A lot

$N/A/sqft

$295 monthly HOA