2360 N Patterson AveWinston SalemNC27105
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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 2360 N Patterson Ave, Winston Salem, NC, 27105 earns $185/mo cash flow from $947/mo rent with a $612/mo payment. Total monthly income totals $947/mo, and annual cash flow totals $2,220/yr on $41,438 capital. ROI tracks 25.27% on current figures, and rental yield reads 9.09% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 131.43% and total cumulative return in cash sums $54,461. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $947/mo property income instead of your personal income.
Single Family
Built in 1928
0.15 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
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Listed by: Mo Varner • Real Broker LLC
Mls Name: Triad MLS
Mls ID: #1199614