5309 Spicewood Lake LnWinston SalemNC27106
Nearby investment properties with comparable rents
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 5309 Spicewood Lake Ln, Winston Salem, NC, 27106 uses $132,984 cash to close to unlock $4,267/yr annual cash flow and $356/mo monthly cash flow. Total monthly income runs $2,800/mo, and a $1,963/mo payment keeps the spread at $356/mo. Purchase price stands at $401,158, and rental yield measures 8.38% with $2,800/mo rent. Return on cash invested shows 23.12% in year one, and 5% annual appreciation builds toward $110,833 over five years. Five-year ROI reaches 119.92% and total cumulative return in cash records $159,475. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,800/mo property income covering a $1,963/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.15 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katelyn Manzi • Mungo Homes
Mls Name: Triad MLS
Mls ID: #1189135