3610 Long Ridge RdDurhamNC27703
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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
Rental property for sale in Durham at 3610 Long Ridge Rd, Durham, NC, 27703 generates $2,750/mo in rent and, after a $2,002/mo payment, leaves $179/mo in cash flow. Total monthly income is $2,750/mo, and annual cash flow is $2,153/yr on $135,584 invested. Return on cash invested sits at 21.5% in year one, and rental yield is 8.07% on a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 111.5% and total cumulative return in cash sums $151,173. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,750/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
8,712 sqft lot
$N/A/sqft
$41 monthly 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
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Listed by: Alison Malloy Wojnarowski • LPT Realty, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10119684
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.