174 Turnwood LnWinston SalemNC27104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 174 Turnwood Ln, Winston Salem, NC, 27104 priced at $165,000 converts $1,540/mo rent into $534/mo cash flow after a $808/mo obligation. Total monthly income equals $1,540/mo, and annual cash flow totals $6,408/yr on $54,698 invested. Return on cash invested prints 31.62% in year one, and rental yield reads 11.2% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 165.53% and total cumulative return in cash sums $90,539. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,540/mo property income covering a $808/mo payment, not borrower’s personal income.
Condo
Built in 1980
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27104, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,164 (100%) |
| Owner Occupied HU | 8,387 (55.3%) |
| Renter Occupied HU | 5,812 (38.3%) |
| Vacant Housing Units | 965 ( 6.4%) |
| Median Home Value | $389,450 |
| Average Home Value | $466,665 |
Housing Distribution
Address Breakdown
Residential
14,542
Single Family
10,768
Multi-Family
3,774
Businesses
595
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon Clark • Lasting Legacy Realty & Property Management
Mls Name: Triad MLS
Mls ID: #1188995