878 Waterworks RdWinston SalemNC27101
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 878 Waterworks Rd, Winston Salem, NC, 27101 in Winston Salem: $2,514/mo in rent, $789/mo net, 10.66% gross yield, all on a $282,990 acquisition. The 1.97 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $78,185 in value, and $2,606/yr in principal paydown steadily builds equity. Projected total cumulative return: $157,979.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.5% |
| Monthly Cash Flow | $789 | $320 |
City averages based on Winston Salem market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,514 |
| Total Monthly Debt Service | $1,612 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
0.47 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2026
0.47 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Ruybal Thompson • WJHBNCLLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4340880