200 Millicent WayMorrisvilleNC27560
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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 Morrisville at 200 Millicent Way, Morrisville, NC, 27560 priced at $599,700 pairs $3,514/mo rent with after a $2,935/mo payment. Total monthly income equals $3,514/mo. Return on cash invested is 19.2% in year one, and rental yield stands at 7.03% on a $599,700 basis. Equity gained on principal adds $3,870/yr, and 5% annual appreciation accumulates to $165,686 by year five. Five-year ROI measures 98.91% and total cumulative return in cash reaches $195,158. For financing, Ziffy Mortgage’s DSCR program evaluates $3,514/mo property income against a $2,935/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
5,227 sqft lot
$N/A/sqft
No 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: Ilya Zaverukha • NorthGroup Real Estate, Inc.
Mls Name: Doorify MLS
Mls ID: #10140257