610 Balfour RdWinston SalemNC27104
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
Rental property for sale in Winston Salem at 610 Balfour Rd, Winston Salem, NC, 27104 priced at $206,000 converts $1,496/mo rent into $241/mo cash flow after a $1,008/mo obligation. Total monthly income equals $1,496/mo, and annual cash flow totals $2,890/yr on $68,289 invested. Return on cash invested prints 24.14% in year one, and rental yield reads 8.71% against a $206,000 entry. Equity gained on principal adds $1,329/yr, while 5% annual appreciation compiles into $56,914 by year five. Five-year ROI reaches 125.43% and total cumulative return in cash sums $85,652. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,496/mo property income covering a $1,008/mo payment, not borrower’s personal income.
Condo
Built in 1985
0.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27104, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,164 (100%) |
| Owner Occupied HU | 8,387 (55.3%) |
| Renter Occupied HU | 5,812 (38.3%) |
| Vacant Housing Units | 965 ( 6.4%) |
| Median Home Value | $389,450 |
| Average Home Value | $466,665 |
Housing Distribution
Address Breakdown
Residential
14,542
Single Family
10,768
Multi-Family
3,774
Businesses
595
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Listed by: Judit Lewis • Lewis Realty Group, LLC
Mls Name: Triad MLS
Mls ID: #1205904