513 W Devonshire StWinston SalemNC27127
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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 513 W Devonshire St, Winston Salem, NC, 27127 offers $1,261/mo rent that, after a $754/mo payment, leaves $322/mo cash flow. Total monthly income is $1,261/mo, and annual cash flow is $3,866/yr on $51,051 cash. Return on cash invested measures 27.48% in year one, and rental yield stands at 9.83% at a $154,000 entry. Equity gained on principal adds $994/yr while 5% annual appreciation compounds into $42,547 by year five. Five-year ROI records 143.41% and total cumulative return in cash reaches $73,214. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,261/mo property income versus a $754/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27127, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,349 (100%) |
| Owner Occupied HU | 11,067 (60.3%) |
| Renter Occupied HU | 6,116 (33.3%) |
| Vacant Housing Units | 1,166 ( 6.4%) |
| Median Home Value | $234,349 |
| Average Home Value | $278,540 |
Housing Distribution
Address Breakdown
Residential
17,732
Single Family
15,536
Multi-Family
2,196
Businesses
673
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Listed by: Michele Stanfield • William F. Stanfield, Jr
Mls Name: Triad MLS
Mls ID: #1203380