Cary/Morrisville neighborhoods (good for renting)

[Shefali Joshi]

Hi,

I'm looking to buy a SFH in the Cary/Morrisville area for the long haul. Could you please chime in on what neighborhoods are a good buy right now? Especially areas where I could find tenants and keep them :) ?

Thank you!

[Scott Ashworth]

I've added a handful (6) of properties in Downtown Cary since May 2019. Our model is to break-even in Year 1, make $100/door in Year 2...We put them on 15 year mortgages. The overwhelming majority of these properties have been off-market deals. My objective is not cash flow at the moment...I'm merely planting trees for the future. 

PS - once the $50 million Downtown Cary park is finished, the current properties will not struggle to cash flow.

https://www.townofcary.org/pro...