163 Lake Ellen DrChapel 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
Rental property for sale in Chapel Hill at 163 Lake Ellen Dr, Chapel Hill, NC, 27514 offers $3,258/mo rent that, after a $2,080/mo payment, leaves $668/mo cash flow. Total monthly income is $3,258/mo, and annual cash flow is $8,016/yr on $140,888 cash. Return on cash invested measures 25.6% in year one, and rental yield stands at 9.2% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 133.22% and total cumulative return in cash reaches $187,685. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,258/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.46 Acres 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: Dave Wylie • Compass -- Chapel Hill - Durham
Mls Name: Doorify MLS
Mls ID: #10128894