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Ben Kirchner
  • Durham, NC
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​Finding 1%+ rent in Durham

Ben Kirchner
  • Durham, NC
Posted Sep 13 2017, 07:54

My wife and I are currently looking for a new primary residence, that we would eventually look to rent out. We would hope for around 1% rent of purchase price.However, it seems hard to make work in Durham. My job is south Durham, where we are leaning toward (27713 or 27707), her job is at Duke. Are there particular areas that do particularly well as rentals around these areas?

We're looking at houses in the $200k range. I really don't know much about the market of rentals at around the $2000/month range. However, I've heard from some that Doctors here temporarily may be looking for a nicer home for a period of around 4 years at a time or so. Can landlords in Durham chime in here? Is there a market for ~$200k homes in Durham? If so, what areas?

On a side note, attached bathrooms to the bedrooms are a huge perk for us, as we would be renting out a room while we lived in the residence as well.  Any knowledge of neighborhoods with this type of layout, I'd appreciate the recommendation.

Thanks

Ben

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