255 Morris RdPittsboroNC27312
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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 Pittsboro at 255 Morris Rd, Pittsboro, NC, 27312 priced at $735,000 pairs $3,148/mo rent with after a $3,597/mo payment. Total monthly income equals $3,148/mo. Return on cash invested is 13.39% in year one, and rental yield stands at 5.14% on a $735,000 basis. Equity gained on principal adds $4,743/yr, and 5% annual appreciation accumulates to $203,067 by year five. Five-year ROI measures 67.76% and total cumulative return in cash reaches $163,860. For financing, Ziffy Mortgage’s DSCR program evaluates $3,148/mo property income against a $3,597/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
1.31 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27312, Pittsboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,378 (100%) |
| Owner Occupied HU | 9,139 (73.8%) |
| Renter Occupied HU | 2,324 (18.8%) |
| Vacant Housing Units | 915 ( 7.4%) |
| Median Home Value | $487,766 |
| Average Home Value | $531,267 |
Housing Distribution
Address Breakdown
Residential
11,312
Single Family
9,514
Multi-Family
1,798
Businesses
810
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Listed by: Lindsay N Thomas-Byrd • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10106120
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.