109 Millbrae LnChapel HillNC27514
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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 Chapel Hill at 109 Millbrae Ln, Chapel Hill, NC, 27514 priced at $1,562,000 pairs $6,718/mo rent with after a $7,645/mo payment. Total monthly income equals $6,718/mo. Return on cash invested is 13.73% in year one, and rental yield stands at 5.16% on a $1,562,000 basis. Equity gained on principal adds $10,079/yr, and 5% annual appreciation accumulates to $431,552 by year five. Five-year ROI measures 69.46% and total cumulative return in cash reaches $351,553. For financing, Ziffy Mortgage’s DSCR program evaluates $6,718/mo property income against a $7,645/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27514, Chapel Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,330 (100%) |
| Owner Occupied HU | 5,158 (41.8%) |
| Renter Occupied HU | 6,282 (50.9%) |
| Vacant Housing Units | 890 ( 7.2%) |
| Median Home Value | $668,099 |
| Average Home Value | $737,569 |
Housing Distribution
Address Breakdown
Residential
12,481
Single Family
9,162
Multi-Family
3,319
Businesses
1,016
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Listed by: Bonnie Strowd • NorthGroup Real Estate, Inc.
Mls Name: Doorify MLS
Mls ID: #10110513