8104 Leabourne RdColfaxNC27235
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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 Colfax at 8104 Leabourne Rd, Colfax, NC, 27235 uses $155,805 cash to close to unlock $1,932/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $3,025/mo, and a $2,300/mo payment keeps the spread at $161/mo. Purchase price stands at $470,000, and rental yield measures 7.72% with $3,025/mo rent. Return on cash invested shows 21.15% in year one, and 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 109.35% and total cumulative return in cash records $170,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,025/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in 1999
1.04 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
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Listed by: Robyn Owen • Smart Move Group
Mls Name: Triad MLS
Mls ID: #1191735