306 Plank Bridge 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 306 Plank Bridge Way, Morrisville, NC, 27560 priced at $493,500 converts $2,864/mo rent into after a $2,415/mo obligation. Total monthly income equals $2,864/mo. Return on cash invested prints 17.1% in year one, and rental yield reads 6.96% against a $493,500 entry. Equity gained on principal adds $3,184/yr, while 5% annual appreciation compiles into $136,345 by year five. Five-year ROI reaches 88.28% and total cumulative return in cash sums $144,415. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,864/mo property income covering a $2,415/mo payment, not borrower’s personal income.
Townhouse
Built in 2006
4,356 sqft lot
$N/A/sqft
$235 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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Listed by: Evelyn Hrehor • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10096108
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.