620 Martin Luther King Jr Blvd APT 502Chapel HillNC27514
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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 620 Martin Luther King Jr Blvd APT 502, Chapel Hill, NC, 27514 generates $2,376/mo in rent, after a $2,121/mo payment. Total monthly income is $2,376/mo. Return on cash invested sits at 12.83% in year one, and rental yield is 6.58% on a $433,400 entry. Equity gained on principal adds $2,797/yr, while 5% annual appreciation builds toward $119,740 over five years. Five-year ROI reaches 66.57% and total cumulative return in cash sums $95,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,376/mo property income rather than buyer’s personal income.
Condo
Built in 1985
1 Acres lot
$N/A/sqft
$501 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27514, Chapel Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,330 (100%) |
| Owner Occupied HU | 5,158 (41.8%) |
| Renter Occupied HU | 6,282 (50.9%) |
| Vacant Housing Units | 890 ( 7.2%) |
| Median Home Value | $668,099 |
| Average Home Value | $737,569 |
Housing Distribution
Address Breakdown
Residential
12,481
Single Family
9,162
Multi-Family
3,319
Businesses
1,016
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