Promenade Plan, The Courtyards on FarringtonDurhamNC27713
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 Promenade Plan, The Courtyards on Farrington, Durham, NC, 27713 offers a 3.79% rental yield on a $607,400 purchase with $1,920/mo rent. 36% in year one. Equity gained on principal adds $3,919/yr while 5% annual appreciation supports $167,813 over five years. Portfolio math shows five-year ROI at 46.13% and total cumulative return in cash at $92,191. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $2,973/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27713, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,653 (100%) |
| Owner Occupied HU | 15,563 (56.3%) |
| Renter Occupied HU | 10,994 (39.8%) |
| Vacant Housing Units | 1,096 ( 4.0%) |
| Median Home Value | $424,275 |
| Average Home Value | $474,898 |
Housing Distribution
Address Breakdown
Residential
26,168
Single Family
18,385
Multi-Family
7,783
Businesses
1,493
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Dunbar • Epcon Communities
Mls Name: Epcon Communities
Mls ID: #N/A