SINGLE FAMILY | Promenade Plan, The Courtyards at Oak GroveDurhamNC27703
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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
Rental property for sale in Durham at SINGLE FAMILY | Promenade Plan, The Courtyards at Oak Grove, Durham, NC, 27703 offers $2,892/mo rent that, after a $3,029/mo payment. Total monthly income is $2,892/mo. Return on cash invested measures 14.88% in year one, and rental yield stands at 5.61% at a $618,900 entry. Equity gained on principal adds $3,994/yr while 5% annual appreciation compounds into $170,991 by year five. Five-year ROI records 75.7% and total cumulative return in cash reaches $154,146. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,892/mo property income versus a $3,029/mo payment rather than borrower’s personal income verification through 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: 27703, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,213 (100%) |
| Owner Occupied HU | 18,977 (58.9%) |
| Renter Occupied HU | 10,683 (33.2%) |
| Vacant Housing Units | 2,553 ( 7.9%) |
| Median Home Value | $393,167 |
| Average Home Value | $416,186 |
Housing Distribution
Address Breakdown
Residential
29,548
Single Family
23,958
Multi-Family
5,590
Businesses
1,525
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Listed by: N/A • Epcon Communities
Mls Name: Epcon Communities
Mls ID: #N/A