109 W Academy StColerainNC27924
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow109 W Academy St, Colerain, NC, 27924 in Colerain is a top-tier cash-flow asset. At $169,900 it produces $1,554/mo in rent and $519/mo in net monthly income, a 10.98% gross rental yield. The DSCR of 2.03 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $6,222. Five-year appreciation adds $46,940, driving a total cumulative return of $97,767.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.2% |
| Monthly Cash Flow | $519 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,554 |
| Total Monthly Debt Service | $968 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1924
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27924, Colerain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,461 (100%) |
| Owner Occupied HU | 884 (60.5%) |
| Renter Occupied HU | 261 (17.9%) |
| Vacant Housing Units | 316 (21.6%) |
| Median Home Value | $157,927 |
| Average Home Value | $225,223 |
Housing Distribution
Address Breakdown
Residential
1,189
Single Family
1,189
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1924
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27924, Colerain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,461 (100%) |
| Owner Occupied HU | 884 (60.5%) |
| Renter Occupied HU | 261 (17.9%) |
| Vacant Housing Units | 316 (21.6%) |
| Median Home Value | $157,927 |
| Average Home Value | $225,223 |
Housing Distribution
Address Breakdown
Residential
1,189
Single Family
1,189
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #142198