6432 Salem Chapel CtWalnut CoveNC27052
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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 Walnut Cove at 6432 Salem Chapel Ct, Walnut Cove, NC, 27052 priced at $199,900 converts $959/mo rent into after a $978/mo obligation. Total monthly income equals $959/mo. Return on cash invested prints 15.22% in year one, and rental yield reads 5.76% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 77.63% and total cumulative return in cash sums $51,445. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $959/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27052, Walnut Cove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,825 (100%) |
| Owner Occupied HU | 3,323 (68.9%) |
| Renter Occupied HU | 1,017 (21.1%) |
| Vacant Housing Units | 485 (10.1%) |
| Median Home Value | $212,915 |
| Average Home Value | $258,539 |
Housing Distribution
Address Breakdown
Residential
4,322
Single Family
4,269
Multi-Family
53
Businesses
243
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Nearby investment properties with comparable prices
Listed by: Dan Rath • Allen Tate Winston Salem
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1177057
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