106 Canyon Lake CirMorrisvilleNC27560
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Nearby investment properties with comparable prices
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 106 Canyon Lake Cir, Morrisville, NC, 27560 at $334,000 posts ROI 21.4% with $138/mo cash flow from $2,252/mo rent. Total monthly income equals $2,252/mo, and annual cash flow records $1,654/yr on $110,721 to close. Return on cash invested measures 21.4% and rental yield reads 8.09% at the current $334,000. Equity gained on principal adds $2,155/yr, and 5% annual appreciation supports $92,278 by year five. Five-year ROI prints 111.03% and total cumulative return in cash totals $122,934.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,252/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2000
1,742 sqft lot
$N/A/sqft
$70 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: Heidi Spillers • EXP Realty LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10114365
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.