408 W 23rd StWinston SalemNC27105
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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 408 W 23rd St, Winston Salem, NC, 27105 uses $41,404 cash to close to unlock $4,465/yr annual cash flow and $372/mo monthly cash flow. Total monthly income runs $1,133/mo, and a $611/mo payment keeps the spread at $372/mo. Purchase price stands at $124,900, and rental yield measures 10.89% with $1,133/mo rent. Return on cash invested shows 30.69% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 160.67% and total cumulative return in cash records $66,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,133/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1928
0.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27105, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,177 (100%) |
| Owner Occupied HU | 8,036 (44.2%) |
| Renter Occupied HU | 8,132 (44.7%) |
| Vacant Housing Units | 2,009 (11.1%) |
| Median Home Value | $176,856 |
| Average Home Value | $256,428 |
Housing Distribution
Address Breakdown
Residential
16,107
Single Family
15,064
Multi-Family
1,043
Businesses
1,162
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Listed by: Katie Trenerowski • Berkshire Hathaway HomeServices Carolinas Realty
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1170811
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