163 Noramac CtSelmaNC27576
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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
Rental property for sale in Selma at 163 Noramac Ct, Selma, NC, 27576 priced at $449,900 pairs $1,817/mo rent with after a $2,202/mo payment. Total monthly income equals $1,817/mo. Return on cash invested is 12.47% in year one, and rental yield stands at 4.85% on a $449,900 basis. Equity gained on principal adds $2,903/yr, and 5% annual appreciation accumulates to $124,299 by year five. Five-year ROI measures 62.84% and total cumulative return in cash reaches $93,718. For financing, Ziffy Mortgage’s DSCR program evaluates $1,817/mo property income against a $2,202/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27576, Selma, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,396 (100%) |
| Owner Occupied HU | 5,180 (61.7%) |
| Renter Occupied HU | 2,695 (32.1%) |
| Vacant Housing Units | 521 ( 6.2%) |
| Median Home Value | $261,429 |
| Average Home Value | $291,801 |
Housing Distribution
Address Breakdown
Residential
7,805
Single Family
7,706
Multi-Family
99
Businesses
444
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Listed by: Tracy Anne Haas • HomeTowne Realty
Mls Name: Doorify MLS
Mls ID: #10108670