676 Balfour RdWinston SalemNC27104
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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
Investment property for sale in Winston Salem at 676 Balfour Rd, Winston Salem, NC, 27104 offers a 11.49% rental yield on a $204,999 purchase with $1,963/mo rent. Total monthly income registers $1,963/mo, and a $1,003/mo payment leaves $714/mo available for distribution. Annual cash flow reaches $8,568/yr on $67,957 to close, and return on cash invested stands at 32.52% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,637 over five years. Portfolio math shows five-year ROI at 170.32% and total cumulative return in cash at $115,745. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,963/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
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: Blake Ginther • Keller Williams Realty Elite
Mls Name: Triad MLS
Mls ID: #1200440