178 Driftwood LnWinston SalemNC27104
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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 178 Driftwood Ln, Winston Salem, NC, 27104 earns $326/mo cash flow from $1,295/mo rent with a $778/mo payment. Total monthly income totals $1,295/mo, and annual cash flow totals $3,916/yr on $52,675 capital. ROI tracks 27.34% on current figures, and rental yield reads 9.78% at a $158,900 purchase. Equity gained on principal adds $1,025/yr, and 5% annual appreciation supports $43,901 over five years. Five-year ROI reaches 142.64% and total cumulative return in cash sums $75,136. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,295/mo property income instead of your personal income.
Condo
Built in 1981
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
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Listed by: Shelly Hartman • RE/MAX Preferred Properties
Mls Name: Triad MLS
Mls ID: #1194071