242 Granite Ridge LnWinston SalemNC27107
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 242 Granite Ridge Ln, Winston Salem, NC, 27107 offers $1,610/mo rent that, after a $1,273/mo payment, leaves $25/mo cash flow. Total monthly income is $1,610/mo, and annual cash flow is $300/yr on $86,190 cash. Return on cash invested measures 20.26% in year one, and rental yield stands at 7.43% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 104.58% and total cumulative return in cash reaches $90,137. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,610/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2001
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27107, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,531 (100%) |
| Owner Occupied HU | 12,845 (62.6%) |
| Renter Occupied HU | 6,463 (31.5%) |
| Vacant Housing Units | 1,223 ( 6.0%) |
| Median Home Value | $244,988 |
| Average Home Value | $274,454 |
Housing Distribution
Address Breakdown
Residential
19,550
Single Family
17,989
Multi-Family
1,561
Businesses
806
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Anagnostopoulos • Keller Williams Realty
Mls Name: Triad MLS
Mls ID: #1204731