601 Crestview Dr is a 3-bed, 2-bath single-family home with 1,550 sqft on a generous 0.45-acre corner lot in Durham’s Hickory Ridge. Based on current market comps, the monthly rent range for similar properties is $1,889–$1,995. Annually, that’s $22.7K–$24K in gross rental income. With a list price of $264.9K, the projected payback period is approximately 11–12 years, assuming steady occupancy and no major vacancies. The Durham rental market is stable but has cooled slightly this year, with demand remaining healthy for well-located homes. The property’s open layout, ample parking, and established neighborhood appeal to families and long-term tenants. However, its 1970 construction and 'fixer' condition may require updates to maximize rental rates and minimize turnover.

To boost rental value, consider modest interior updates—fresh paint, modern fixtures, and updated appliances can go a long way. Improving curb appeal and landscaping would also help attract quality tenants at the higher end of the rental range. If selling, highlight the large lot, family-friendly layout, and investment potential; a turnkey refresh could command a premium. Evaluate any deferred maintenance before marketing to investors focused on cash flow and low cap-ex.