8805 Joywood CtColfaxNC27235
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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 8805 Joywood Ct, Colfax, NC, 27235 earns $75/mo cash flow from $2,213/mo rent with a $1,717/mo payment. Total monthly income totals $2,213/mo, and annual cash flow totals $899/yr on $116,323 capital. ROI tracks 20.68% on current figures, and rental yield reads 7.57% at a $350,900 purchase. Equity gained on principal adds $2,264/yr, and 5% annual appreciation supports $96,947 over five years. Five-year ROI reaches 106.85% and total cumulative return in cash sums $124,292. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,213/mo property income instead of your personal income.
Single Family
Built in 1990
0.92 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: Nick Newcomer • eXp Realty
Mls Name: Triad MLS
Mls ID: #1204236