298 Olde Lantern DrWinston 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
Investment property for sale in Winston Salem at 298 Olde Lantern Dr, Winston Salem, NC, 27107 offers a 2.83% rental yield on a $638,865 purchase with $1,507/mo rent. 43% in year one. Equity gained on principal adds $4,122/yr while 5% annual appreciation supports $176,507 over five years. Portfolio math shows five-year ROI at 30.43% and total cumulative return in cash at $63,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,507/mo property income against a $3,127/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.30 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: Lawana Jay • Coldwell Banker Advantage
Mls Name: Triad MLS
Mls ID: #1183672