214 W Lemly StWinston SalemNC27127
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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 214 W Lemly St, Winston Salem, NC, 27127 priced at $150,000 converts $1,148/mo rent into $234/mo cash flow after a $734/mo obligation. Total monthly income equals $1,148/mo, and annual cash flow totals $2,808/yr on $49,725 invested. Return on cash invested prints 25.56% in year one, and rental yield reads 9.18% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 132.98% and total cumulative return in cash sums $66,126. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,148/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27127, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,349 (100%) |
| Owner Occupied HU | 11,067 (60.3%) |
| Renter Occupied HU | 6,116 (33.3%) |
| Vacant Housing Units | 1,166 ( 6.4%) |
| Median Home Value | $234,349 |
| Average Home Value | $278,540 |
Housing Distribution
Address Breakdown
Residential
17,732
Single Family
15,536
Multi-Family
2,196
Businesses
673
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Listed by: Robert Wiley • Keller Williams Realty Elite
Mls Name: Triad MLS
Mls ID: #1190033