524 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
Rental property for sale in Winston Salem at 524 Scholastic Ct, Winston Salem, NC, 27106 offers $1,164/mo rent that, after a $759/mo payment, leaves $219/mo cash flow. Total monthly income is $1,164/mo, and annual cash flow is $2,628/yr on $51,383 cash. Return on cash invested measures 25.02% in year one, and rental yield stands at 9.01% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 130.16% and total cumulative return in cash reaches $66,880. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,164/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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: James Kirchner • Mark Spain Real Estate
Mls Name: Triad MLS
Mls ID: #1199585