103 Millet DrMorrisvilleNC27560
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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 Morrisville at 103 Millet Dr, Morrisville, NC, 27560 offers a 6.14% rental yield on a $457,500 purchase with $2,339/mo rent. 76% in year one. Equity gained on principal adds $2,952/yr while 5% annual appreciation supports $126,399 over five years. Portfolio math shows five-year ROI at 80.69% and total cumulative return in cash at $122,372. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,339/mo property income against a $2,239/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
6,098 sqft lot
$N/A/sqft
$75 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27560, Morrisville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,137 (100%) |
| Owner Occupied HU | 7,181 (37.5%) |
| Renter Occupied HU | 10,451 (54.6%) |
| Vacant Housing Units | 1,505 ( 7.9%) |
| Median Home Value | $545,572 |
| Average Home Value | $600,506 |
Housing Distribution
Address Breakdown
Residential
17,704
Single Family
9,094
Multi-Family
8,610
Businesses
1,917
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Listed by: Joshua Kennedy • KENNEDY REAL ESTATE GROUP LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10126389
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.