115 Founders Ridge DrChapel HillNC27517
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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 115 Founders Ridge Dr, Chapel Hill, NC, 27517 offers $5,528/mo rent that, after a $9,299/mo payment. Total monthly income is $5,528/mo. Return on cash invested measures 8.48% in year one, and rental yield stands at 3.49% at a $1,899,900 entry. Equity gained on principal adds $12,260/yr while 5% annual appreciation compounds into $524,907 by year five. Five-year ROI records 41.38% and total cumulative return in cash reaches $254,720. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,528/mo property income versus a $9,299/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.45 Acres lot
$N/A/sqft
$556 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27517, Chapel Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,805 (100%) |
| Owner Occupied HU | 8,549 (57.7%) |
| Renter Occupied HU | 5,090 (34.4%) |
| Vacant Housing Units | 1,166 ( 7.9%) |
| Median Home Value | $644,053 |
| Average Home Value | $717,620 |
Housing Distribution
Address Breakdown
Residential
14,097
Single Family
10,847
Multi-Family
3,250
Businesses
600
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Listed by: Debbie McCormick • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10101147
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.