1513 E Franklin St #A-104Chapel 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 1513 E Franklin St #A-104, Chapel Hill, NC, 27514 offers a 8.86% rental yield on a $248,900 purchase with $1,838/mo rent. Total monthly income registers $1,838/mo, and a $1,218/mo payment leaves $321/mo available for distribution. Annual cash flow reaches $3,856/yr on $82,510 to close, and return on cash invested stands at 24.58% in year one. Equity gained on principal adds $1,606/yr while 5% annual appreciation supports $68,766 over five years. Portfolio math shows five-year ROI at 127.81% and total cumulative return in cash at $105,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,838/mo property income against a $1,218/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A 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: Michael Mauriello • Coldwell Banker - HPW
Mls Name: Doorify MLS
Mls ID: #10111190