2623 Ludwig StWinston SalemNC27107
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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
Rental property for sale in Winston Salem at 2623 Ludwig St, Winston Salem, NC, 27107 generates $1,393/mo in rent and, after a $758/mo payment, leaves $449/mo in cash flow. Total monthly income is $1,393/mo, and annual cash flow is $5,389/yr on $51,349 invested. Return on cash invested sits at 30.4% in year one, and rental yield is 10.79% on a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 159.07% and total cumulative return in cash sums $81,680. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,393/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
0.17 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
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Listed by: Cara Irvine • RE/MAX Preferred Properties
Mls Name: Triad MLS
Mls ID: #1206443