605 Courthouse 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
Investment property for sale in Morrisville at 605 Courthouse Dr, Morrisville, NC, 27560 listed at $460,000 pairs $2,590/mo rent with a $2,251/mo payment. Total monthly income runs $2,590/mo. Return on cash invested measures 18.23% in year one, and rental yield registers 6.76% at a $460,000 basis. Equity gained on principal adds $2,968/yr, and annual property appreciation at 5% supports $127,090 by year five. Five-year ROI tracks 93.72% and total cumulative return in cash totals $142,909. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,590/mo property income relative to a $2,251/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2004
3,484 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: Cori Michelle Grenier • Coldwell Banker Advantage
Mls Name: Doorify MLS
Mls ID: #10125033