409 Smith Ave #105, Chapel Hill, NC, 27516 | 6.11% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Chapel Hill at 409 Smith Ave #105, Chapel Hill, NC, 27516 offers a 6.11% rental yield on a $395,000 purchase with $2,011/mo rent. 28% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 83.24% and total cumulative return in cash at $109,002. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,011/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1969

0.74 Acres lot

$N/A/sqft

No HOA