216 Elshur 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 216 Elshur Way, Morrisville, NC, 27560 generates $3,198/mo in rent, after a $3,770/mo payment. Total monthly income is $3,198/mo. Return on cash invested sits at 12.66% in year one, and rental yield is 4.98% on a $770,216 entry. Equity gained on principal adds $4,970/yr, while 5% annual appreciation builds toward $212,796 over five years. Five-year ROI reaches 63.94% and total cumulative return in cash sums $162,017. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,198/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
9,583 sqft lot
$N/A/sqft
$800 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Chung • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10126406
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.