208 McGregor 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 208 McGregor Dr, Chapel Hill, NC, 27514 generates $1,838/mo in rent and, after a $1,199/mo payment, leaves $158/mo in cash flow. Total monthly income is $1,838/mo, and annual cash flow is $1,893/yr on $81,214 invested. Return on cash invested sits at 22.24% in year one, and rental yield is 9% on a $244,990 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,686 over five years. Five-year ROI reaches 116.22% and total cumulative return in cash sums $94,389. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,838/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$405 quarterly 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: Billy Armstrong • Town Real Estate LLC
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1151329
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