320 Summerwalk CirChapel 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 320 Summerwalk Cir, Chapel Hill, NC, 27517 offers a 7.96% rental yield on a $314,900 purchase with $2,088/mo rent. Total monthly income registers $2,088/mo, and a $1,541/mo payment leaves $169/mo available for distribution. Annual cash flow reaches $2,029/yr on $104,389 to close, and return on cash invested stands at 21.85% in year one. Equity gained on principal adds $2,032/yr while 5% annual appreciation supports $87,001 over five years. Portfolio math shows five-year ROI at 113.18% and total cumulative return in cash at $118,150. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,088/mo property income against a $1,541/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
N/A 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: Elizabeth Williams • Lynette Williams Real Estate
Mls Name: Doorify MLS
Mls ID: #10140422