1406 Chelsea StWinston SalemNC27103
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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
Rental property for sale in Winston Salem at 1406 Chelsea St, Winston Salem, NC, 27103 generates $1,796/mo in rent and, after a $1,145/mo payment, leaves $370/mo in cash flow. Total monthly income is $1,796/mo, and annual cash flow is $4,442/yr on $77,571 invested. Return on cash invested sits at 25.64% in year one, and rental yield is 9.21% on a $234,000 entry. Equity gained on principal adds $1,510/yr, while 5% annual appreciation builds toward $64,650 over five years. Five-year ROI reaches 133.48% and total cumulative return in cash sums $103,539. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,796/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27103, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,218 (100%) |
| Owner Occupied HU | 9,486 (49.4%) |
| Renter Occupied HU | 8,029 (41.8%) |
| Vacant Housing Units | 1,703 ( 8.9%) |
| Median Home Value | $280,831 |
| Average Home Value | $315,897 |
Housing Distribution
Address Breakdown
Residential
17,643
Single Family
14,415
Multi-Family
3,228
Businesses
2,093
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Listed by: Scott Myers • Price REALTORS
Mls Name: Triad MLS
Mls ID: #1201295