140 W Franklin St UNIT 429Chapel HillNC27516
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 140 W Franklin St UNIT 429, Chapel Hill, NC, 27516 in Chapel Hill worth study. Rental yield 3.54%. The 3.54% gross yield is below cash-flow benchmarks at $755,000, but 5% annual appreciation, adding $208,593 over five years, frames this as a capital growth position. Rent of $2,227/mo partially offsets the $3,395/mo payment. Ziffy Mortgage finances appreciation-play properties (0.66 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $105,158.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.5% | 6.2% |
| Monthly Cash Flow | $(2,841) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,227 |
| Total Monthly Debt Service | $4,768 |
| DSCR Ratio | 0.47x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2013
N/A lot
$N/A/sqft
$467 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2013
N/A lot
$N/A/sqft
$467 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chondra Mason • Long & Foster Real Estate INC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10111970
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.