203 Old Forest Creek 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 203 Old Forest Creek Dr, Chapel Hill, NC, 27514 priced at $615,000 converts $3,430/mo rent into after a $3,010/mo obligation. Total monthly income equals $3,430/mo. Return on cash invested prints 18.17% in year one, and rental yield reads 6.69% against a $615,000 entry. Equity gained on principal adds $3,969/yr, while 5% annual appreciation compiles into $169,913 by year five. Five-year ROI reaches 93.37% and total cumulative return in cash sums $188,921. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,430/mo property income covering a $3,010/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.38 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: Tony Hall • Tony Hall & Associates
Mls Name: Doorify MLS
Mls ID: #10097711