309 Crossland 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
Rental property for sale in Chapel Hill at 309 Crossland Dr, Chapel Hill, NC, 27517 generates $3,466/mo in rent, after a $3,059/mo payment. Total monthly income is $3,466/mo. Return on cash invested sits at 18.06% in year one, and rental yield is 6.66% on a $624,900 entry. Equity gained on principal adds $4,032/yr, while 5% annual appreciation builds toward $172,648 over five years. Five-year ROI reaches 92.78% and total cumulative return in cash sums $190,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,466/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
4,356 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: David Wilson • Carolina's Choice Real Estate
Mls Name: Doorify MLS
Mls ID: #10127751