Colfax, NC — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.2%
Below average
Monthly Cash Flow
-$1,460
After all expenses
Price-to-Rent
21.3
Overpriced for rent
DSCR
0.34
Fails
📊 Key Metrics
- Median Home Price
- $413,718
- Average Rent (3BR)
- $1,620/mo
- Price-to-Rent Ratio
- 21.3(high)
- 1% Rule
- 0.39%(fails — need 1%+)
- Cash-on-Cash Return
- -18.4%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 3.7%(-0.6% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +1.95% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.77%
of assessed value (NC avg)
Median Income
$60,516
household (NC avg)
Rent-to-Income
32.1%
Moderate
Section 8 Max Rent
$1,620/mo
3BR voucher payment
🏛️ NC Investor Climate
Landlord Friendly
7/10
State Income Tax
Has state tax
Property Tax
0.77% effective
Population Trend
+1.95% (3yr)