3313 Renon Rd

Winston Salem, NC 27127
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2 bd, 1 ba | 600 sqft | Built in 1946

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List Price
$80,000

Initial Investment

$20,846

Purchase Price

$76,500

Down Payment

25%

Rent

$835

Total Return

$52,084

Annualized Return

31.2%

Cap Rate

8.5%

Gross Yield

13.1%

Cash Flow

$1,737

Appreciation

9.4%
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Features

Occupancy

Unspecified

Lease Start

04/16/2021

Lease End

04/15/2022

Lot Size

6,098

HOA

None

Flood Risk

Not Required

  • Pet fee included in monthly rent of $30
  • The classic kitchen features lots of cabinet space, a washer, and a large window that allows for light to illuminate through, giving a welcoming feel.
  • Two bedrooms with spacious closets and a bathroom finish out the space.
  • Screened-in porch, overlooking the large backyard.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,519

Expenses

-$2,723

Property Taxes

-$900

Loan Payments

-$4,159

Net Cash Flow

$1,737

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