ZIP CODE 27703 // DURHAM-CHAPEL HILL, NC // DATA AS OF 2026-09-30
Durham, NC (27703) Rental Property Cap Rate & Cash Flow Report
Located in Durham County (Durham, NC), Zip Code 27703 ranks #164 of 500 within this selected sample (67th percentile) with a Zillow ZHVI typical home-value index of $376,573 (-4.5% YoY) and a ZORI observed market rent of $1,805/mo (+1.8% YoY). Requires at least 49.8% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$710/mo
Annual: -$8,525/yr
Modeled Cap Rate
3.80%
NOI: $14,325/yr
Cash-on-Cash Return
-9.84%
Cash Needed: $86,612
1% Rule Ratio
0.48%
Gross Yield: 5.75%
Break-Even Rent
$2,622/mo
State Tax: 0.70%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 27703 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NC Avg 0.70%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,904/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$611/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (27703)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $333,097 | $1,574/mo | 5.67% |
| 2022 | $411,245 | $1,711/mo | 4.99% |
| 2023 | $399,073 | $1,706/mo | 5.13% |
| 2024 | $405,131 | $1,759/mo | 5.21% |
| 2025 | $394,163 | $1,773/mo | 5.40% |
| 2026 | $376,573 | $1,805/mo | 5.75% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 27616 Raleigh, NC | $348,330 | $1,658/mo | 3.77% | -$667/mo |
| 28269 Charlotte, NC | $351,379 | $1,835/mo | 4.25% | -$532/mo |
| 28027 Concord, NC | $409,576 | $1,752/mo | 3.27% | -$956/mo |
| 28025 Concord, NC | $339,208 | $1,835/mo | 4.45% | -$458/mo |
| 28173 Waxhaw, NC | $687,851 | $2,637/mo | 2.80% | -$1,872/mo |
| 27406 Greensboro, NC | $224,507 | $1,293/mo | 4.81% | -$235/mo |