285 Plaza Dr UNIT CChapel HillNC27517
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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 285 Plaza Dr UNIT C, Chapel Hill, NC, 27517 offers $2,320/mo rent that, after a $1,417/mo payment, leaves $556/mo cash flow. Total monthly income is $2,320/mo, and annual cash flow is $6,667/yr on $95,969 cash. Return on cash invested measures 26.86% in year one, and rental yield stands at 9.62% at a $289,500 entry. Equity gained on principal adds $1,868/yr while 5% annual appreciation compounds into $79,984 by year five. Five-year ROI records 139.97% and total cumulative return in cash reaches $134,331. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,320/mo property income versus a $1,417/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27517, Chapel Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,805 (100%) |
| Owner Occupied HU | 8,549 (57.7%) |
| Renter Occupied HU | 5,090 (34.4%) |
| Vacant Housing Units | 1,166 ( 7.9%) |
| Median Home Value | $644,053 |
| Average Home Value | $717,620 |
Housing Distribution
Address Breakdown
Residential
14,097
Single Family
10,847
Multi-Family
3,250
Businesses
600
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Listed by: Jeanette Hussey • West & Woodall Real Estate - D
Mls Name: Doorify MLS
Mls ID: #10100533