303 Smith Level Rd APT C12Chapel HillNC27516
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 303 Smith Level Rd APT C12, Chapel Hill, NC, 27516 in Chapel Hill. At $299,900 it earns $2,074/mo in rent and distributes $246/mo to the owner after the $1,349/mo payment, a consistent 8.3% yield. DSCR 1.54 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $82,857 in value; $2,762/yr in principal paydown compounds ownership stake. Total projected return: $129,463.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.2% |
| Monthly Cash Flow | $246 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,074 |
| Total Monthly Debt Service | $1,708 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beth Akers • Dunlap Lilley Properties
Mls Name: Doorify MLS
Mls ID: #10131538