240 Jay St, Chapel Hill, NC, 27516 | 6.2% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Chapel Hill at 240 Jay St, Chapel Hill, NC, 27516 priced at $488,000 converts $2,521/mo rent into after a $2,389/mo obligation. Total monthly income equals $2,521/mo. Return on cash invested prints 16.54% in year one, and rental yield reads 6.2% against a $488,000 entry. Equity gained on principal adds $3,149/yr, while 5% annual appreciation compiles into $134,825 by year five. Five-year ROI reaches 84.69% and total cumulative return in cash sums $137,000. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,521/mo property income covering a $2,389/mo payment, not borrower’s personal income.

Single Family

Built in 2001

6,969 sqft lot

$N/A/sqft

No HOA