1613 Normandy LnWinston 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
Investment property for sale in Winston Salem at 1613 Normandy Ln, Winston Salem, NC, 27103 offers a 10.28% rental yield on a $325,000 purchase with $2,785/mo rent. Total monthly income registers $2,785/mo, and a $1,591/mo payment leaves $804/mo available for distribution. Annual cash flow reaches $9,648/yr on $107,738 to close, and return on cash invested stands at 28.86% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 150.72% and total cumulative return in cash at $162,385. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,785/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.33 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: Nicole Smith-Elliott • Carolina Home Partners by eXp Realty
Mls Name: Triad MLS
Mls ID: #1184031