2408 Walker AveWinston SalemNC27103
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 2408 Walker Ave, Winston Salem, NC, 27103 in Winston Salem at $318,000 earns $1,946/mo in rent and nets $8/mo after the $1,430/mo payment, a 7.34% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $87,858 over five years. Ziffy Mortgage underwrites this on a 1.36 DSCR without U.S. credit history. With $2,929/yr in principal paydown, total projected return reaches $120,995.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.5% |
| Monthly Cash Flow | $8 | $320 |
City averages based on Winston Salem market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,946 |
| Total Monthly Debt Service | $1,812 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1939
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27103, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,218 (100%) |
| Owner Occupied HU | 9,486 (49.4%) |
| Renter Occupied HU | 8,029 (41.8%) |
| Vacant Housing Units | 1,703 ( 8.9%) |
| Median Home Value | $280,831 |
| Average Home Value | $315,897 |
Housing Distribution
Address Breakdown
Residential
17,643
Single Family
14,415
Multi-Family
3,228
Businesses
2,093
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
Single Family
Built in 1939
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27103, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,218 (100%) |
| Owner Occupied HU | 9,486 (49.4%) |
| Renter Occupied HU | 8,029 (41.8%) |
| Vacant Housing Units | 1,703 ( 8.9%) |
| Median Home Value | $280,831 |
| Average Home Value | $315,897 |
Housing Distribution
Address Breakdown
Residential
17,643
Single Family
14,415
Multi-Family
3,228
Businesses
2,093
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Randy Turner • Keller Williams Realty Elite
Mls Name: Triad MLS
Mls ID: #1189350