627 W 2nd StWinston SalemNC27101
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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 627 W 2nd St, Winston Salem, NC, 27101 generates $3,690/mo in rent, after a $4,796/mo payment. Total monthly income is $3,690/mo. Return on cash invested sits at 11.57% in year one, and rental yield is 4.52% on a $979,900 entry. Equity gained on principal adds $6,323/yr, while 5% annual appreciation builds toward $270,728 over five years. Five-year ROI reaches 57.95% and total cumulative return in cash sums $186,833. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,690/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27101, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,774 (100%) |
| Owner Occupied HU | 3,346 (26.2%) |
| Renter Occupied HU | 7,952 (62.3%) |
| Vacant Housing Units | 1,476 (11.6%) |
| Median Home Value | $306,590 |
| Average Home Value | $330,857 |
Housing Distribution
Address Breakdown
Residential
11,118
Single Family
7,441
Multi-Family
3,677
Businesses
1,563
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Listed by: Susan Maier Colon • Berkshire Hathaway HomeServices Carolinas Realty
Mls Name: Triad MLS
Mls ID: #1205969