1234 Kelton Cottage WayMorrisvilleNC27560
Nearby investment properties with comparable rents
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
Rental property for sale in Morrisville at 1234 Kelton Cottage Way, Morrisville, NC, 27560 offers $2,191/mo rent that, after a $1,955/mo payment. Total monthly income is $2,191/mo. Return on cash invested measures 14.05% in year one, and rental yield stands at 6.58% at a $399,500 entry. Equity gained on principal adds $2,578/yr while 5% annual appreciation compounds into $110,374 by year five. Five-year ROI records 72.59% and total cumulative return in cash reaches $96,135. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,191/mo property income versus a $1,955/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1999
N/A lot
$N/A/sqft
$402 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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Nearby investment properties with comparable prices
Listed by: Elena Sergeevna Stoyanova • Engel & Volkers Raleigh
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10032969
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