831 Ridgeway AveDurhamNC27701
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 831 Ridgeway Ave, Durham, NC, 27701 in Durham is listed at $252,900 and delivers $2,057/mo in rent and $516/mo in net monthly cash flow. The 9.76% yield and 1.81 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $69,872 over five years, and $2,329/yr in principal reduction supplements cash return. Total projected cumulative return: $129,018.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.2% |
| Monthly Cash Flow | $516 | $350 |
City averages based on Durham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,057 |
| Total Monthly Debt Service | $1,441 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27701, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,573 (100%) |
| Owner Occupied HU | 3,590 (23.1%) |
| Renter Occupied HU | 9,727 (62.5%) |
| Vacant Housing Units | 2,256 (14.5%) |
| Median Home Value | $541,162 |
| Average Home Value | $585,584 |
Housing Distribution
Address Breakdown
Residential
13,401
Single Family
8,169
Multi-Family
5,232
Businesses
1,288
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
Single Family
Built in 2024
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27701, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,573 (100%) |
| Owner Occupied HU | 3,590 (23.1%) |
| Renter Occupied HU | 9,727 (62.5%) |
| Vacant Housing Units | 2,256 (14.5%) |
| Median Home Value | $541,162 |
| Average Home Value | $585,584 |
Housing Distribution
Address Breakdown
Residential
13,401
Single Family
8,169
Multi-Family
5,232
Businesses
1,288
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Precious Allen • Precious Estates Realty LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10064107
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