3030 Forrester StDurhamNC27704
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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
Investment property for sale in Durham at 3030 Forrester St, Durham, NC, 27704 with 5% annual appreciation on a $145,500 basis while $2,527/mo rent supports operations. Total monthly income totals $2,527/mo and a $712/mo payment preserves $1,640/mo for cash returns. Annual cash flow comes to $19,685/yr on $48,233 deployed, and return on cash invested reaches 60.72% in year one. Equity gained on principal adds $939/yr, and five-year appreciation sums $40,199 alongside rental yield of 20.84%. Five-year ROI measures 321.63% and total cumulative return in cash totals $155,133.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,527/mo property income versus a $712/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27704, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,576 (100%) |
| Owner Occupied HU | 9,231 (55.7%) |
| Renter Occupied HU | 6,559 (39.6%) |
| Vacant Housing Units | 786 ( 4.7%) |
| Median Home Value | $325,650 |
| Average Home Value | $349,237 |
Housing Distribution
Address Breakdown
Residential
15,928
Single Family
13,290
Multi-Family
2,638
Businesses
1,001
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Listed by: N/A • N/A
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