Franklin II Plan, Forrestal PlaceDurhamNC27707
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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 Franklin II Plan, Forrestal Place, Durham, NC, 27707 priced at $619,000 converts $6,150/mo rent into $2,377/mo cash flow after a $3,030/mo obligation. Total monthly income equals $6,150/mo, and annual cash flow totals $28,526/yr on $203,651 invested. Return on cash invested prints 34.07% in year one, and rental yield reads 11.92% against a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation compiles into $171,018 by year five. Five-year ROI reaches 178.62% and total cumulative return in cash sums $363,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,150/mo property income covering a $3,030/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27707, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,539 (100%) |
| Owner Occupied HU | 9,060 (38.5%) |
| Renter Occupied HU | 12,484 (53.0%) |
| Vacant Housing Units | 1,995 ( 8.5%) |
| Median Home Value | $476,975 |
| Average Home Value | $520,735 |
Housing Distribution
Address Breakdown
Residential
22,469
Single Family
15,431
Multi-Family
7,038
Businesses
1,397
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Listed by: N/A • B Wallace Design & Construction
Mls Name: B Wallace Design & Construction
Mls Provider:
Mls ID: #N/A