1621 E 23rd StWinston SalemNC27105
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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 1621 E 23rd St, Winston Salem, NC, 27105 earns $381/mo cash flow from $1,234/mo rent with a $685/mo payment. Total monthly income totals $1,234/mo, and annual cash flow totals $4,572/yr on $46,410 capital. ROI tracks 29.76% on current figures, and rental yield reads 10.58% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 155.52% and total cumulative return in cash sums $72,178. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,234/mo property income instead of your personal income.
Single Family
Built in 1961
0.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27105, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,177 (100%) |
| Owner Occupied HU | 8,036 (44.2%) |
| Renter Occupied HU | 8,132 (44.7%) |
| Vacant Housing Units | 2,009 (11.1%) |
| Median Home Value | $176,856 |
| Average Home Value | $256,428 |
Housing Distribution
Address Breakdown
Residential
16,107
Single Family
15,064
Multi-Family
1,043
Businesses
1,162
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Listed by: Rodrigo Baranda • Magnolia Tree Realty
Mls Name: Triad MLS
Mls ID: #1204908