3004 Forrestal DrDurhamNC27703
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
Rental property for sale in Durham at 3004 Forrestal Dr, Durham, NC, 27703 generates $1,887/mo in rent and, after a $1,273/mo payment, leaves $302/mo in cash flow. Total monthly income is $1,887/mo, and annual cash flow is $3,624/yr on $86,190 invested. Return on cash invested sits at 24.11% in year one, and rental yield is 8.71% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 125.24% and total cumulative return in cash sums $107,945. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,887/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
4,791 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grace Jones • Keller Williams Elite Realty
Mls Name: Doorify MLS
Mls ID: #10138212