321 Lockland AveWinston SalemNC27103
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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
Investment property for sale in Winston Salem at 321 Lockland Ave, Winston Salem, NC, 27103 offers a 9.37% rental yield on a $109,900 purchase with $858/mo rent. Total monthly income registers $858/mo, and a $538/mo payment leaves $188/mo available for distribution. Annual cash flow reaches $2,257/yr on $36,432 to close, and return on cash invested stands at 26.11% in year one. Equity gained on principal adds $709/yr while 5% annual appreciation supports $30,363 over five years. Portfolio math shows five-year ROI at 136.08% and total cumulative return in cash at $49,576. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $858/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27103, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,218 (100%) |
| Owner Occupied HU | 9,486 (49.4%) |
| Renter Occupied HU | 8,029 (41.8%) |
| Vacant Housing Units | 1,703 ( 8.9%) |
| Median Home Value | $280,831 |
| Average Home Value | $315,897 |
Housing Distribution
Address Breakdown
Residential
17,643
Single Family
14,415
Multi-Family
3,228
Businesses
2,093
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Listed by: Zach Matthews • Leonard Ryden Burr Real Estate
Mls Name: Triad MLS
Mls ID: #1191812