306 Hickory DrChapel 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
Investment property for sale in Chapel Hill at 306 Hickory Dr, Chapel Hill, NC, 27517 offers a 8.61% rental yield on a $299,500 purchase with $2,149/mo rent. Total monthly income registers $2,149/mo, and a $1,466/mo payment leaves $324/mo available for distribution. Annual cash flow reaches $3,883/yr on $99,284 to close, and return on cash invested stands at 23.82% in year one. Equity gained on principal adds $1,933/yr while 5% annual appreciation supports $82,746 over five years. Portfolio math shows five-year ROI at 123.7% and total cumulative return in cash at $122,819. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,149/mo property income against a $1,466/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
10,454 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: Victor Poole • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10142515