1201 Somers 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 1201 Somers Dr, Morrisville, NC, 27560 earns from $3,062/mo rent with a $2,966/mo payment. Total monthly income totals $3,062/mo. ROI tracks 15.77% on current figures, and rental yield reads 6.06% at a $606,000 purchase. Equity gained on principal adds $3,910/yr, and 5% annual appreciation supports $167,427 over five years. Five-year ROI reaches 80.68% and total cumulative return in cash sums $160,859. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,062/mo property income instead of your personal income.
Single Family
Built in 2008
4,791 sqft lot
$N/A/sqft
$243 quarterly 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: Colette Seitz Murphy • EXP Realty LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10102473
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.