3702 Chimney Ridge Pl APT 3DurhamNC27713
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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 3702 Chimney Ridge Pl APT 3, Durham, NC, 27713 earns $421/mo cash flow from $1,628/mo rent with a $969/mo payment. Total monthly income totals $1,628/mo, and annual cash flow totals $5,057/yr on $65,637 capital. ROI tracks 27.61% on current figures, and rental yield reads 9.87% at a $198,000 purchase. Equity gained on principal adds $1,278/yr, and 5% annual appreciation supports $54,704 over five years. Five-year ROI reaches 144.07% and total cumulative return in cash sums $94,564. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,628/mo property income instead of your personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27713, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,653 (100%) |
| Owner Occupied HU | 15,563 (56.3%) |
| Renter Occupied HU | 10,994 (39.8%) |
| Vacant Housing Units | 1,096 ( 4.0%) |
| Median Home Value | $424,275 |
| Average Home Value | $474,898 |
Housing Distribution
Address Breakdown
Residential
26,168
Single Family
18,385
Multi-Family
7,783
Businesses
1,493
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Listed by: Kelley Schultz • Fathom Realty NC, LLC
Mls Name: Doorify MLS
Mls ID: #10120843