6304 Forest Ridge DrDurhamNC27713
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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 6304 Forest Ridge Dr, Durham, NC, 27713 generates $2,351/mo in rent and, after a $1,566/mo payment, leaves $401/mo in cash flow. Total monthly income is $2,351/mo, and annual cash flow is $4,812/yr on $106,080 invested. Return on cash invested sits at 24.45% in year one, and rental yield is 8.82% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 127.03% and total cumulative return in cash sums $134,751. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,351/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
4,356 sqft 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: Denise Cox • Denise Cox Homes LLC
Mls Name: Doorify MLS
Mls ID: #10110776