115 Coleridge CtCarrboroNC27510
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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 Carrboro at 115 Coleridge Ct, Carrboro, NC, 27510 uses $79,560 cash to close to unlock $3,670/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $2,018/mo, and a $1,175/mo payment keeps the spread at $306/mo. Purchase price stands at $240,000, and rental yield measures 10.09% with $2,018/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 128.83% and total cumulative return in cash records $102,494. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,018/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Townhouse
Built in 1985
871.20 sqft lot
$N/A/sqft
$210 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27510, Carrboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,562 (100%) |
| Owner Occupied HU | 1,960 (25.9%) |
| Renter Occupied HU | 5,229 (69.1%) |
| Vacant Housing Units | 373 ( 4.9%) |
| Median Home Value | $472,323 |
| Average Home Value | $507,006 |
Housing Distribution
Address Breakdown
Residential
7,542
Single Family
4,726
Multi-Family
2,816
Businesses
753
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Listed by: John Delgado • Keller Williams Elite Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10090331
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.