315 N Spruce St APT 408Winston SalemNC27101
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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 315 N Spruce St APT 408, Winston Salem, NC, 27101 earns $302/mo cash flow from $1,887/mo rent with a $1,273/mo payment. Total monthly income totals $1,887/mo, and annual cash flow totals $3,624/yr on $86,190 capital. ROI tracks 24.11% on current figures, and rental yield reads 8.71% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 125.24% and total cumulative return in cash sums $107,945. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,887/mo property income instead of your personal income.
Condo
Built in 1924
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27101, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,774 (100%) |
| Owner Occupied HU | 3,346 (26.2%) |
| Renter Occupied HU | 7,952 (62.3%) |
| Vacant Housing Units | 1,476 (11.6%) |
| Median Home Value | $306,590 |
| Average Home Value | $330,857 |
Housing Distribution
Address Breakdown
Residential
11,118
Single Family
7,441
Multi-Family
3,677
Businesses
1,563
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Listed by: Heather Bowen • Berkshire Hathaway HomeServices Carolinas Realty
Mls Name: Triad MLS
Mls ID: #1204322