305 Ridge Creek 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
Rental property for sale in Morrisville at 305 Ridge Creek Dr, Morrisville, NC, 27560 offers $3,787/mo rent that, after a $6,975/mo payment. Total monthly income is $3,787/mo. Return on cash invested measures 7.64% in year one, and rental yield stands at 3.19% at a $1,425,000 entry. Equity gained on principal adds $9,195/yr while 5% annual appreciation compounds into $393,701 by year five. Five-year ROI records 36.82% and total cumulative return in cash reaches $170,000. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,787/mo property income versus a $6,975/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.28 Acres 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: Michelle Grossman • Home Source Realtors
Mls Name: Doorify MLS
Mls ID: #10131830