229 Creeksedge CtWinston SalemNC27105
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 229 Creeksedge Ct, Winston Salem, NC, 27105 priced at $260,000 converts $2,009/mo rent into $424/mo cash flow after a $1,273/mo obligation. Total monthly income equals $2,009/mo, and annual cash flow totals $5,088/yr on $86,190 invested. Return on cash invested prints 25.81% in year one, and rental yield reads 9.27% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 134.35% and total cumulative return in cash sums $115,793. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,009/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.40 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jodi Lee Tate • Blue Door Group Real Estate
Mls Name: Triad MLS
Mls ID: #1198999