Essex Plan, NorthboroughColfaxNC27235
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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 Essex Plan, Northborough, Colfax, NC, 27235 offers a 9.41% rental yield on a $404,990 purchase with $3,176/mo rent. Total monthly income registers $3,176/mo, and a $1,982/mo payment leaves $708/mo available for distribution. Annual cash flow reaches $8,496/yr on $134,254 to close, and return on cash invested stands at 26.24% in year one. Equity gained on principal adds $2,613/yr while 5% annual appreciation supports $111,891 over five years. Portfolio math shows five-year ROI at 136.68% and total cumulative return in cash at $183,502. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,176/mo property income against a $1,982/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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: N/A • Keystone Homes
Mls Name: Keystone Homes NC
Mls Provider:
Mls ID: #N/A