114 Mill Pond DrWinston SalemNC27106
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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 Winston Salem at 114 Mill Pond Dr, Winston Salem, NC, 27106 earns $468/mo cash flow from $1,625/mo rent with a $929/mo payment. Total monthly income totals $1,625/mo, and annual cash flow totals $5,617/yr on $62,952 capital. ROI tracks 28.83% on current figures, and rental yield reads 10.27% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 150.66% and total cumulative return in cash sums $94,841. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,625/mo property income instead of your personal income.
Condo
Built in 1999
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27106, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,147 (100%) |
| Owner Occupied HU | 11,926 (49.4%) |
| Renter Occupied HU | 10,033 (41.5%) |
| Vacant Housing Units | 2,188 ( 9.1%) |
| Median Home Value | $358,387 |
| Average Home Value | $410,116 |
Housing Distribution
Address Breakdown
Residential
22,516
Single Family
16,443
Multi-Family
6,073
Businesses
993
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Listed by: Dana McCormick-Nommsen • Coast 2 Coast Triad Home Team
Mls Name: Triad MLS
Mls ID: #1191582