2320 Colerain Creek DrWinston SalemNC27106
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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 2320 Colerain Creek Dr, Winston Salem, NC, 27106 uses $99,119 cash to close to unlock $6,962/yr annual cash flow and $580/mo monthly cash flow. Total monthly income runs $2,402/mo, and a $1,463/mo payment keeps the spread at $580/mo. Purchase price stands at $299,000, and rental yield measures 9.64% with $2,402/mo rent. Return on cash invested shows 26.93% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 140.41% and total cumulative return in cash records $139,174. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,402/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 2006
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27106, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,147 (100%) |
| Owner Occupied HU | 11,926 (49.4%) |
| Renter Occupied HU | 10,033 (41.5%) |
| Vacant Housing Units | 2,188 ( 9.1%) |
| Median Home Value | $358,387 |
| Average Home Value | $410,116 |
Housing Distribution
Address Breakdown
Residential
22,516
Single Family
16,443
Multi-Family
6,073
Businesses
993
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Listed by: Donna Dixon • LEGACY Realty NC
Mls Name: Triad MLS
Mls ID: #1194503