638 McCreary StWinston SalemNC27105
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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 638 McCreary St, Winston Salem, NC, 27105 offers $1,247/mo rent that, after a $832/mo payment, leaves $211/mo cash flow. Total monthly income is $1,247/mo, and annual cash flow is $2,533/yr on $56,322 cash. Return on cash invested measures 24.41% in year one, and rental yield stands at 8.81% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 126.94% and total cumulative return in cash reaches $71,498. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,247/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27105, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,177 (100%) |
| Owner Occupied HU | 8,036 (44.2%) |
| Renter Occupied HU | 8,132 (44.7%) |
| Vacant Housing Units | 2,009 (11.1%) |
| Median Home Value | $176,856 |
| Average Home Value | $256,428 |
Housing Distribution
Address Breakdown
Residential
16,107
Single Family
15,064
Multi-Family
1,043
Businesses
1,162
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Listed by: Blake Ginther • Keller Williams Realty Elite
Mls Name: Triad MLS
Mls ID: #1193084