240 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
Investment property for sale in Selma at 240 Noramac Ct, Selma, NC, 27576 at $469,900 posts ROI 11.46% with from $1,817/mo rent. Total monthly income equals $1,817/mo. Return on cash invested measures 11.46% and rental yield reads 4.64% at the current $469,900. Equity gained on principal adds $3,032/yr, and 5% annual appreciation supports $129,825 by year five. Five-year ROI prints 57.57% and total cumulative return in cash totals $89,678. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,817/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
1.01 Acres lot
$N/A/sqft
$600 annually 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 Provider:
Mls ID: #10109142
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.