Top 10 North Carolina Zillow Investment Listings Ranked by Cash-on-Cash Return
Ten Winston-Salem and Triad NC rental listings from Zillow ranked by cash-on-cash return—Realy assumptions and investor diligence notes.
These ten listings were pulled from North Carolina Zillow markets (Winston-Salem, Clemmons, Pfafftown, Advance, Madison, Asheboro) and ranked by cash-on-cash return (CoC) using Realy’s Chrome extension—highest CoC first.
The Triad offers a mixed screen: three listings show positive CoC under lean assumptions, concentrated in Winston-Salem sub-$225K price points. Higher-priced Pfafftown and Advance listings turn negative.
This is a screening list, not a buy list.
Calculation Assumptions Used
| Input | Setting |
|---|---|
| Down payment | 20% · Closing 1% · Rate 6.5% · 30Y fixed |
| Property taxes | 2% of sale value |
| Insurance, vacancy, maintenance, HOA | $0 (add your quotes) |
| Rent | Zillow Rent Zestimate |
At-a-Glance Ranking
| # | Address | Price | Beds/Baths | CoC | Cap Rate | Mo. CF | Rent/mo |
|---|---|---|---|---|---|---|---|
| 1 | 5041 Hutchins St | $199,999 | 3 / 3 | 11.8% | 8.5% | $412 | $1,757 |
| 2 | 168 Piccadilly Dr | $225,000 | 3 / 2 | 6.6% | 7.5% | $259 | $1,772 |
| 3 | 3608 Foxglove Dr | $449,900 | 4 / 4 | −1.4% | 5.8% | −$111 | $2,914 |
| 4 | 1955 Landover Dr | $339,900 | 3 / 2 | −4.7% | 5.1% | −$277 | $2,008 |
| 5 | 3464 Eagle Cove Ct | $449,900 | 4 / 3 | −8.0% | 4.4% | −$627 | $2,398 |
| 6 | 3445 Grandview Crossing Ln | $425,000 | 4 / 2 | −8.0% | 4.4% | −$594 | $2,263 |
| 7 | 5142 New Hope Church Rd | $440,000 | 4 / 3 | −8.4% | 4.3% | −$650 | $2,308 |
| 8 | 405 Luola St | $465,000 | 4 / 3 | −9.3% | 4.1% | −$753 | $2,373 |
| 9 | 14 E Devonshire St | $449,900 | 4 / 3 | −13.6% | 3.2% | −$1,074 | $1,951 |
| 10 | 204 Hamilton Ct | $450,000 | 3 / 2 | −15.1% | 2.9% | −$1,187 | $1,838 |
#1 — 5041 Hutchins St, Winston Salem NC 27106
Single family · 3 bed / 3 bath · 1,627 sqft · $199,999
| Metric | Value |
|---|---|
| Cash-on-cash | 11.8% |
| Cap rate | 8.5% |
| Monthly cash flow | $412 |
| Total cash down | $41,999 |
Why it ranks #1: Sub-$200K with $1,757/mo rent—solid Triad cash-flow math. 7 days on Zillow.
Investor notes: Tax assessed $250,600 vs. $200K list. Zestimate ~$203K. Add insurance before trusting yield.
#2 — 168 Piccadilly Dr, Winston Salem NC 27104
Single family · 3 bed / 2 bath · 1,443 sqft · $225,000
| Metric | Value |
|---|---|
| Cash-on-cash | 6.6% |
| Cap rate | 7.5% |
| Monthly cash flow | $259 |
| Total cash down | $47,250 |
Investor notes: 13 days on market. 0.38-acre lot. Thin margin after reserves.
#3 — 3608 Foxglove Dr, Winston Salem NC 27106
Single family · 4 bed / 4 bath · 2,684 sqft · $449,900
| Metric | Value |
|---|---|
| Cash-on-cash | −1.4% |
| Cap rate | 5.8% |
| Monthly cash flow | −$111 |
Investor notes: Nearly breakeven—higher rent ($2,914/mo) than similar-priced Devonshire listing.
#4 — 1955 Landover Dr, Clemmons NC 27012
Single family · 3 bed / 2 bath · 1,872 sqft · $339,900
| Metric | Value |
|---|---|
| Cash-on-cash | −4.7% |
| Cap rate | 5.1% |
| Monthly cash flow | −$277 |
Investor notes: Showcase listing with 3D tour. Clemmons suburb—strong schools, weaker investor math.
#5 — 3464 Eagle Cove Ct, Pfafftown NC 27040
Single family · 4 bed / 3 bath · 2,768 sqft · $449,900
| Metric | Value |
|---|---|
| Cash-on-cash | −8.0% |
| Cap rate | 4.4% |
| Monthly cash flow | −$627 |
#6 — 3445 Grandview Crossing Ln, Pfafftown NC 27040
Single family · 4 bed / 2 bath · 2,250 sqft · $425,000
| Metric | Value |
|---|---|
| Cash-on-cash | −8.0% |
| Cap rate | 4.4% |
| Monthly cash flow | −$594 |
Investor notes: Same Pfafftown cluster as #5—compare basis per sqft.
#7 — 5142 New Hope Church Rd, Asheboro NC 27205
Single family · 4 bed / 3 bath · 2,128 sqft · $440,000
| Metric | Value |
|---|---|
| Cash-on-cash | −8.4% |
| Cap rate | 4.3% |
| Monthly cash flow | −$650 |
Investor notes: $10K price cut (Jul 7). 7.79-acre lot—rural Asheboro market.
#8 — 405 Luola St, Madison NC 27025
Single family · 4 bed / 3 bath · 2,585 sqft · $465,000
| Metric | Value |
|---|---|
| Cash-on-cash | −9.3% |
| Cap rate | 4.1% |
| Monthly cash flow | −$753 |
#9 — 14 E Devonshire St, Winston Salem NC 27127
Single family · 4 bed / 3 bath · 2,169 sqft · $449,900
| Metric | Value |
|---|---|
| Cash-on-cash | −13.6% |
| Cap rate | 3.2% |
| Monthly cash flow | −$1,074 |
Investor notes: 17 days on market. Low rent ($1,951/mo) for $450K basis.
#10 — 204 Hamilton Ct, Advance NC 27006
Single family · 3 bed / 2 bath · 1,800 sqft · $450,000
| Metric | Value |
|---|---|
| Cash-on-cash | −15.1% |
| Cap rate | 2.9% |
| Monthly cash flow | −$1,187 |
Investor notes: Small 0.06-acre lot. Weakest rent-to-price on the screen.
North Carolina Patterns
| Pattern | Takeaway |
|---|---|
| Sub-$225K wins | #1–2 positive CoC in Winston-Salem |
| $425K+ turns negative | Pfafftown and Advance listings fail cash-flow screen |
| Price cuts | Asheboro −$10K—still negative after cut |
| vs. Pennsylvania | Compare PA top 10 for similar Rust Belt dynamics |
Screen NC in Realy
- Install Realy
- Search Winston-Salem, NC
- Open Realy Analyzer → sort by cash-on-cash
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