523 Scholastic CtWinston SalemNC27106
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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 523 Scholastic Ct, Winston Salem, NC, 27106 with 5% annual appreciation on a $167,000 basis while $1,660/mo rent supports operations. Total monthly income totals $1,660/mo and a $817/mo payment preserves $643/mo for cash returns. Annual cash flow comes to $7,711/yr on $55,361 deployed, and return on cash invested reaches 33.84% in year one. Equity gained on principal adds $1,078/yr, and five-year appreciation sums $46,139 alongside rental yield of 11.93%. Five-year ROI measures 177.42% and total cumulative return in cash totals $98,223.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,660/mo property income versus a $817/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2002
0.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27106, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,147 (100%) |
| Owner Occupied HU | 11,926 (49.4%) |
| Renter Occupied HU | 10,033 (41.5%) |
| Vacant Housing Units | 2,188 ( 9.1%) |
| Median Home Value | $358,387 |
| Average Home Value | $410,116 |
Housing Distribution
Address Breakdown
Residential
22,516
Single Family
16,443
Multi-Family
6,073
Businesses
993
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Listed by: Molly Haus • Leonard Ryden Burr Real Estate
Mls Name: Triad MLS
Mls ID: #1203982