304 Pennsylvania AveWinston SalemNC27104
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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 304 Pennsylvania Ave, Winston Salem, NC, 27104 priced at $1,295,000 converts $1,799/mo rent into after a $6,338/mo obligation. Total monthly income equals $1,799/mo. Return on cash invested prints 2.94% in year one, and rental yield reads 1.67% against a $1,295,000 entry. Equity gained on principal adds $8,356/yr, while 5% annual appreciation compiles into $357,785 by year five. Five-year ROI reaches 11.64% and total cumulative return in cash sums $48,822. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,799/mo property income covering a $6,338/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27104, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,164 (100%) |
| Owner Occupied HU | 8,387 (55.3%) |
| Renter Occupied HU | 5,812 (38.3%) |
| Vacant Housing Units | 965 ( 6.4%) |
| Median Home Value | $389,450 |
| Average Home Value | $466,665 |
Housing Distribution
Address Breakdown
Residential
14,542
Single Family
10,768
Multi-Family
3,774
Businesses
595
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Listed by: Bethany Tudor Symmes • Berkshire Hathaway HomeServices Carolinas Realty
Mls Name: Triad MLS
Mls ID: #1207950