Nelson Plan, Mica Ridge : Sterling CollectionDurhamNC27703
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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 Nelson Plan, Mica Ridge: Sterling Collection, Durham, NC, 27703 with 5% annual appreciation on a $473,990 basis while $3,611/mo rent supports operations. Total monthly income totals $3,611/mo and a $2,320/mo payment preserves $722/mo for cash returns. Annual cash flow comes to $8,667/yr on $157,128 deployed, and return on cash invested reaches 25.42% in year one. Equity gained on principal adds $3,059/yr, and five-year appreciation sums $130,955 alongside rental yield of 9.14%. Five-year ROI measures 132.31% and total cumulative return in cash totals $207,902.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,611/mo property income versus a $2,320/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No 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: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A