4861 Legacy DrColfaxNC27235
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderAt $489,000, 4861 Legacy Dr, Colfax, NC, 27235 in Colfax generates $3,072/mo in rent (7.54% yield) but nets only $4/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.40) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $135,102. Total projected return: $191,163.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.2% |
| Monthly Cash Flow | $4 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,072 |
| Total Monthly Debt Service | $2,786 |
| DSCR Ratio | 1.10x |
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 2007
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27235, Colfax, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,655 (100%) |
| Owner Occupied HU | 1,558 (58.7%) |
| Renter Occupied HU | 861 (32.4%) |
| Vacant Housing Units | 236 ( 8.9%) |
| Median Home Value | $372,727 |
| Average Home Value | $417,988 |
Housing Distribution
Address Breakdown
Residential
2,556
Single Family
2,157
Multi-Family
399
Businesses
208
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 2007
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27235, Colfax, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,655 (100%) |
| Owner Occupied HU | 1,558 (58.7%) |
| Renter Occupied HU | 861 (32.4%) |
| Vacant Housing Units | 236 ( 8.9%) |
| Median Home Value | $372,727 |
| Average Home Value | $417,988 |
Housing Distribution
Address Breakdown
Residential
2,556
Single Family
2,157
Multi-Family
399
Businesses
208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Spencer Harrell • Real Broker LLC
Mls Name: Triad MLS
Mls ID: #1205203