702 Linwood Ave · Durham, NC 27701

$239,999

3 bd · 1.0 ba · 1,228 sqft · SingleFamily public records · 30 Days on market

Built 1930 Est $309k · 22% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +14.8/30.0
• DSCR +4.5/10.0
• Livability +4.0/5.0
• 1% rule +3.5/10.0
• Rent growth +3.3/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

VERBAL OFFER HAS BEEN ACCEPTED. .. WAITING FOR CORPORATE SELLER SIGNATURES 4 bedroom, 1.5 bath, home located convenient to NCCU and Lincoln center. Large rocking chair front porch. Great investment property or 1st time home owner, large rooms.

Key facts

• Downtown durham
• Near nccu's campus
• Bathroom remodel

Tags

• DOWNTOWN DURHAM
• NEAR NCCU'S CAMPUS
• UPDATES INCLUDING FLOORING
• UPDATES INCLUDING PAINT
• BATHROOM REMODEL
• NICE SIZE DECK

Property features AI

Exterior

• Home design: Built in 1930
• Construction: Original construction from 1930
• Exterior features: Located in the Hayti District

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $68 ($814/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (14.8% below list).
• Recommended offer: $204k (14.8% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.0% in Durham — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#15 in NC, #1,411 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: schools D+, crime F.
• Durham Public Schools (urban): math 29% / reading 39% proficiency, ranked #132 of 178 in NC (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.2%/yr); 197 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,905 units permitted in Durham County in 2024 (955 in 5+ unit buildings).
• This rent runs 35% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Durham County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $73k; list at $240k implies a 229% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $204,450 (14.8% below list)

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.21%
• DSCR: 1.05
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $309,456
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
608 E Umstead St	0.14mi	3/2.5	1,200 (-2%)	2mo	$250,000	$208	82
911 Grant St	0.15mi	2/2.5 (-1)	1,190 (-3%)	4mo	$302,000	$254	73
915 Grant St	0.15mi	2/2.5 (-1)	1,190 (-3%)	6mo	$296,400	$249	72
913b Grant St	0.15mi	2/2.5 (-1)	1,190 (-3%)	6mo	$290,000	$244	72
311 Burnette St	0.25mi	4/2.5 (+1)	1,268 (+3%)	2mo	$253,500	$200	70
801 Dupree St	0.25mi	3/2.5	1,268 (+3%)	8mo	$338,500	$267	70
423 Eugene St	0.48mi	3/2.5	1,222 (-0%)	2mo	$308,000	$252	69
421 Eugene St Unit A	0.48mi	3/2.5	1,193 (-3%)	2mo	$305,000	$256	65
513 Grant St	0.35mi	4/2.0 (+1)	1,316 (+7%)	6mo	$180,000	$137	58
2207-A Otis St	0.72mi	3/2.5	1,195 (-3%)	1mo	$365,000	$305	55
905 Scout Dr	0.56mi	3/3.0	1,341 (+9%)	7mo	$417,500	$311	44
206 S Goley St	0.68mi	4/1.0 (+1)	1,062 (-14%)	8mo	$90,000	$85	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.25% rent growth · sell at horizon

5-year hold

• IRR: -14.1%
• Equity multiple: 0.49×
• Total profit: $-34,091
• Equity at exit: $35,785

10-year hold

• IRR: -5.0%
• Equity multiple: 0.67×
• Total profit: $-22,149
• Equity at exit: $20,751

Cash invested: $67,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 85 Strongly Landlord-Friendly
• State North Carolina: 85 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

10-day notice; preempted; landlord-favorable but court speed varies.

Methodology + full state rankings →

ZIP-level market 27701

• Rents YoY: 3.2%
• Active inventory: 197
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,044 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$189 /mo · $2,265/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $68

Break-even live

Break-even rent $1,959

Max offer price $239,999

Occupancy floor 92%

Sensitivity live

Price	-10% $204	-5% $136	+0% $68	+5% $0	+10% $-68
Rent	-10% $-94	-5% $-13	+0% $68	+5% $149	+10% $229
Rate	-1.0pp $189	-0.5pp $129	base $68	+0.5pp $6	+1.0pp $-58

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
514 E Umstead St Durham, NC	3.0	2.0	1134	$1,625	$1.43	24d	1	0.12mi
1000 Linwood Ave Durham, NC	3.0	2.0	1150	$2,400	$2.09	15d	1	0.22mi
701 Grant St Durham, NC	3.0	2.0	1145	$1,850	$1.62	24d	1	0.22mi
411 Dunstan Ave Durham, NC	3.0	2.0	1091	$2,500	$2.29	24d	1	0.26mi
3 Fisher Pl Durham, NC	2.0	1.5	752	$1,100	$1.46	24d	1	0.30mi
813 Dupree St Durham, NC	2.0	2.0	1027	$1,650	$1.61	15d	1	0.32mi
1012 S Alston Ave Apt C Durham, NC	2.0	1.0	750	$1,150	$1.53	24d	1	0.35mi
401 Moline St Durham, NC	4.0	2.0	1288	$1,995	$1.55	24d	1	0.35mi
1301 S Alston Ave Durham, NC	2.0	1.0	994	$1,495	$1.50	15d	1	0.46mi
1313 S Alston Ave Durham, NC	3.0	1.0	1350	$1,750	$1.30	15d	1	0.49mi
703 S Roxboro St Durham, NC	2.0	1.0–2.0	1113	$1,696	$1.52	24d	16	0.52mi
1114 South St Durham, NC	3.0	2.5	1418	$3,000	$2.12	24d	1	0.55mi
510 E Pettigrew St Durham, NC	3.0	1.0–2.0	996	$3,130	$3.14	15d	29	0.57mi
504 E Pettigrew St Durham, NC	2.0	1.0–2.0	1025	$2,219	$2.16	15d	35	0.62mi
504 E Pettigrew St Durham, NC	3.0	1.0–2.0	1092	$2,528	$2.32	22d	30	0.62mi
1107 Dayton St Durham, NC	2.0	1.5	1050	$1,350	$1.29	15d	1	0.63mi
1107 Dayton St Durham, NC	2.0	1.5	1050	$1,350	$1.29	24d	1	0.63mi
441 S Dillard St Durham, NC	1.0–3.0	1.0–2.5	1153	$3,389	$2.94	15d	21	0.66mi
464 E Pettigrew St Durham, NC	2.0	2.0	1091	$2,786	$2.55	15d	1	0.68mi
1515 S Alston Ave Durham, NC	4.0	2.0	1400	$2,580	$1.84	24d	1	0.69mi
520 Cecil St Durham, NC	3.0	1.0	900	$1,800	$2.00	15d	1	0.70mi
800 Fargo St Unit B1 Durham, NC	2.0	2.0	1112	$1,780	$1.60	24d	1	0.70mi
500 E Main St Durham, NC	3.0	1.0–2.0	1002	$3,556	$3.55	15d	40	0.73mi
1819 Cecil St Durham, NC	3.0	2.0	1105	$1,795	$1.62	24d	1	0.74mi
704 Bacon St Durham, NC	2.0	1.0	744	$1,495	$2.01	24d	1	0.74mi
511 S Mangum St Durham, NC	3.0	1.0–2.0	1159	$4,115	$3.55	15d	29	0.78mi
515 Burlington Ave Unit A Durham, NC	2.0	1.0	763	$1,200	$1.57	24d	1	0.81mi
2305 Fitzgerald Ave Durham, NC	3.0	2.5	1408	$2,000	$1.42	24d	1	0.82mi
1002 Bacon St Durham, NC	3.0	2.0	1028	$1,850	$1.80	24d	1	0.91mi
1301 Vickers Ave Durham, NC	2.0	2.0	1193	$2,100	$1.76	24d	1	0.92mi
603 N Elm St Unit A Durham, NC	3.0	2.0	1200	$1,495	$1.25	24d	1	0.93mi
1809 E Main St Durham, NC	3.0	1.0	1200	$1,700	$1.42	15d	1	0.95mi
721 Liberty St Unit C Durham, NC	2.0	1.0	800	$1,495	$1.87	24d	1	0.96mi
109 W Main St #402 Durham, NC	2.0	1.5	1296	$2,695	$2.08	24d	1	1.01mi
406 N Hyde Park Ave Durham, NC	3.0	1.0	1160	$1,730	$1.49	22d	1	1.04mi
110 N Corcoran St Durham, NC	1.0–2.0	1.0–2.0	1219	$4,594	$3.77	15d	8	1.04mi
600 Willard St Durham, NC	2.0	2.0	1480	$2,625	$1.77	24d	1	1.09mi
501 Willard St Durham, NC	2.0	1.0–2.0	817	$2,204	$2.70	15d	26	1.10mi
600 S Duke St #14 Durham, NC	2.0	2.0	915	$2,000	$2.19	24d	1	1.11mi
2727 Atlantic St Durham, NC	3.0	1.0	1036	$1,595	$1.54	15d	1	1.13mi

Listing history 28 events

1. 2026-06-18
   days on market $239,999 Active 30 DOM
2. 2026-06-17
   days on market $239,999 Active 29 DOM
3. 2026-06-16
   days on market $239,999 Active 28 DOM
4. 2026-06-15
   days on market $239,999 Active 27 DOM
5. 2026-06-14
   days on market $239,999 Active 25 DOM
6. 2026-06-10
   days on market $239,999 Active 22 DOM
7. 2026-06-09
   days on market $239,999 Active 21 DOM
8. 2026-06-08
   days on market $239,999 Active 20 DOM
9. 2026-06-07
   days on market $239,999 Active 19 DOM
10. 2026-06-05
    days on market $239,999 Active 16 DOM
11. 2026-06-03
    days on market $239,999 Active 15 DOM
12. 2026-06-02
    days on market $239,999 Active 14 DOM
13. 2026-06-01
    days on market $239,999 Active 13 DOM
14. 2026-05-31
    days on market $239,999 Active 12 DOM
15. 2026-05-30
    days on market $239,999 Active 11 DOM
16. 2026-05-19
    listed $239,999 Active
17. 2017-02-28
    soldstatus $73,000
18. 2008-05-14
    soldstatus $50,000 243-char remark

    Show marketing remark (243 chars)

    VERBAL OFFER HAS BEEN ACCEPTED. .. WAITING FOR CORPORATE SELLER SIGNATURES 4 bedroom, 1.5 bath, home located convenient to NCCU and Lincoln center. Large rocking chair front porch. Great investment property or 1st time home owner, large rooms.

19. 2008-05-14
    soldstatus $50,000 243-char remark

    Show marketing remark (243 chars)

    VERBAL OFFER HAS BEEN ACCEPTED. .. WAITING FOR CORPORATE SELLER SIGNATURES 4 bedroom, 1.5 bath, home located convenient to NCCU and Lincoln center. Large rocking chair front porch. Great investment property or 1st time home owner, large rooms.

20. 2008-04-21
    historical 243-char remark

    Show marketing remark (243 chars)

    VERBAL OFFER HAS BEEN ACCEPTED. .. WAITING FOR CORPORATE SELLER SIGNATURES 4 bedroom, 1.5 bath, home located convenient to NCCU and Lincoln center. Large rocking chair front porch. Great investment property or 1st time home owner, large rooms.

21. 2008-04-09
    listed $52,900 243-char remark

    Show marketing remark (243 chars)

    VERBAL OFFER HAS BEEN ACCEPTED. .. WAITING FOR CORPORATE SELLER SIGNATURES 4 bedroom, 1.5 bath, home located convenient to NCCU and Lincoln center. Large rocking chair front porch. Great investment property or 1st time home owner, large rooms.

22. 2008-04-09
    listed $52,900 243-char remark

    Show marketing remark (243 chars)

    VERBAL OFFER HAS BEEN ACCEPTED. .. WAITING FOR CORPORATE SELLER SIGNATURES 4 bedroom, 1.5 bath, home located convenient to NCCU and Lincoln center. Large rocking chair front porch. Great investment property or 1st time home owner, large rooms.

23. 2006-10-06
    soldstatus $37,000 120-char remark

    Show marketing remark (120 chars)

    Good rental property or for Owner Occupant with 4 bedrooms and 1 1/2 bath. Corner lot. 2 parking spaces. Needs some TLC.

24. 2006-10-06
    soldstatus $37,000 120-char remark

    Show marketing remark (120 chars)

    Good rental property or for Owner Occupant with 4 bedrooms and 1 1/2 bath. Corner lot. 2 parking spaces. Needs some TLC.

25. 2006-09-12
    historical 120-char remark

    Show marketing remark (120 chars)

    Good rental property or for Owner Occupant with 4 bedrooms and 1 1/2 bath. Corner lot. 2 parking spaces. Needs some TLC.

26. 2006-03-30
    listed $39,900 120-char remark

    Show marketing remark (120 chars)

    Good rental property or for Owner Occupant with 4 bedrooms and 1 1/2 bath. Corner lot. 2 parking spaces. Needs some TLC.

27. 2006-03-30
    listed $39,900 120-char remark

    Show marketing remark (120 chars)

    Good rental property or for Owner Occupant with 4 bedrooms and 1 1/2 bath. Corner lot. 2 parking spaces. Needs some TLC.

28. 2003-10-28
    soldstatus $93,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NC · Resets to sale price

• Current annual tax: $2,265 · $189/mo
• Projected year-2 tax: $2,265 · $189/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,534
• − Mortgage interest: −$13,444
• − Property taxes: −$2,265
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,963
• − Management: −$1,963
• − Depreciation: −$6,982
• Taxable loss: −$3,282
• Est. tax savings @ 24.0%: +$788
• After-tax cash flow: $1,602/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Durham Public Schools
• NCES district ID: 3701260
• Math proficiency: 29% ▼ -3.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $52,143
• Composite: 29.69/100
• National rank: #6457
• State rank: #132 of 178 in NC

Livability — Durham

• Score: 81/100
• State rank: #15
• US rank: #1411

Category grades

Amenities A+ Commute A+ Cost of living B+ Crime F Employment B Housing A+ Health & safety A+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Durham, NC
• County: Durham County · 288,747 people
• City population: 288,747
• Metro: Durham-Chapel Hill, NC
• Population (ZIP): 24,793
• Household income: $69,740
• Rent vs Own: 69.8% rent · 30.2% own
• Severe rent burden: 1402.0

Population outlook (Durham County) Hauer SSP2

• Today (2025): 368,962 people
• By 2030: 402,686 · +9.1%
• By 2040: 468,677 · +27.0%
• By 2050: 531,727 · +44.1%
• By 2075: 660,446 · +79.0%
• By 2100: 739,971 · +100.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 40% Black 32% Hispanic / Latino 19% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Romanian 2% Italian 2% Slovak 2%
• Foreign-born: 18% · Canada, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Durham

• 2024 margin: Solid D (+61.9) · D 80.2% · R 18.2% · Other 1.6%
• 2008→2024 swing: +10.0pp toward D · 2008: 51.9pp · 2024: 61.9pp
• All cycles: 2024: D+61.9 2020: D+62.4 2016: D+60.4 2012: D+52.7 2008: D+51.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -272.19%
• Current HPI: 347.5371
• Rent YoY: ▲ 3.25%
• Metro: Durham-Chapel Hill, NC
• State GDP YoY: ▲ 3.28%
• F500 in state: 26

Industry mix (Fortune 500 HQ in NC)

Industry	F500 HQs	Revenue
▸Financial Services	2	$213B
▸Retail	2	$95B
▸Industrial Conglomerate	1	$38B
▸Metals / Steel	1	$35B
▸Utilities	1	$30B
▸Industrial Machinery	1	$19B

Price history

+158.1% since first listed

13 events — show timeline

• 2026-05-19 Listed $239,999 FSBO.com
• 2017-02-28 Sold (Public Records) $73,000 Public Records
• 2008-05-14 Sold (MLS) $50,000 AMLSNC
• 2008-05-14 Sold (MLS) $50,000 TMLS
• 2008-04-21 Listing Removed — TMLS
• 2008-04-09 Listed $52,900 AMLSNC
• 2008-04-09 Listed $52,900 TMLS
• 2006-10-06 Sold (MLS) $37,000 AMLSNC
• 2006-10-06 Sold (MLS) $37,000 TMLS
• 2006-09-12 Listing Removed — TMLS
• 2006-03-30 Listed $39,900 AMLSNC
• 2006-03-30 Listed $39,900 TMLS
• 2003-10-28 Sold (Public Records) $93,000 Public Records

Property tax history

+6.5%/yr

Latest (2025): $2,265 · +123.7% YoY. Source: county tax records.