123 Old Cooper Sq #M-3Chapel 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
Investment property for sale in Chapel Hill at 123 Old Cooper Sq #M-3, Chapel Hill, NC, 27517 uses $97,793 cash to close to unlock $936/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $1,876/mo, and a $1,444/mo payment keeps the spread at $78/mo. Purchase price stands at $295,000, and rental yield measures 7.63% with $1,876/mo rent. Return on cash invested shows 20.87% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 107.85% and total cumulative return in cash records $105,470. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,876/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No 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: Linda Trevor • Compass -- Cary
Mls Name: Doorify MLS
Mls ID: #10141752