115 Gristmill 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
Investment property for sale in Chapel Hill at 115 Gristmill Ln, Chapel Hill, NC, 27514 earns $45/mo cash flow from $1,873/mo rent with a $1,468/mo payment. Total monthly income totals $1,873/mo, and annual cash flow totals $540/yr on $99,450 capital. ROI tracks 20.45% on current figures, and rental yield reads 7.49% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 105.62% and total cumulative return in cash sums $105,036. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,873/mo property income instead of your personal income.
Townhouse
Built in 1983
1,742 sqft 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: Melissa H White • Keller Williams Central
Mls Name: Doorify MLS
Mls ID: #10136339