753 Elderwood AveWinston SalemNC27103
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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 753 Elderwood Ave, Winston Salem, NC, 27103 with 5% annual appreciation on a $307,500 basis while $2,332/mo rent supports operations. Total monthly income totals $2,332/mo and a $1,505/mo payment preserves $458/mo for cash returns. Annual cash flow comes to $5,496/yr on $101,936 deployed, and return on cash invested reaches 25.3% in year one. Equity gained on principal adds $1,984/yr, and five-year appreciation sums $84,957 alongside rental yield of 9.1%. Five-year ROI measures 131.63% and total cumulative return in cash totals $134,175.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,332/mo property income versus a $1,505/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27103, Winston Salem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,218 (100%) |
| Owner Occupied HU | 9,486 (49.4%) |
| Renter Occupied HU | 8,029 (41.8%) |
| Vacant Housing Units | 1,703 ( 8.9%) |
| Median Home Value | $280,831 |
| Average Home Value | $315,897 |
Housing Distribution
Address Breakdown
Residential
17,643
Single Family
14,415
Multi-Family
3,228
Businesses
2,093
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Listed by: Silvia Correa • House Trackers Realty, Inc.
Mls Name: Triad MLS
Mls ID: #1198836