2704 State Highway 45 NColerainNC27924
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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 Colerain at 2704 State Highway 45 N, Colerain, NC, 27924 listed at $119,500 pairs $912/mo rent with a $585/mo payment to leave $184/mo cash flow. Total monthly income runs $912/mo, and annual cash flow reaches $2,203/yr on $39,614 cash to close. Return on cash invested measures 25.47% in year one, and rental yield registers 9.16% at a $119,500 basis. Equity gained on principal adds $771/yr, and annual property appreciation at 5% supports $33,016 by year five. Five-year ROI tracks 132.6% and total cumulative return in cash totals $52,530. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $912/mo property income relative to a $585/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.50 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
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Listed by: Nancy Freeman • Freeman Realty
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139715