242 Waterwheel DrSelmaNC27576
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
Investment Highlights
Rental property for sale in Selma at 242 Waterwheel Dr, Selma, NC, 27576 generates $1,948/mo in rent and, after a $1,508/mo payment, leaves $33/mo in cash flow. Total monthly income is $1,948/mo, and annual cash flow is $392/yr on $102,167 invested. Return on cash invested sits at 20.29% in year one, and rental yield is 7.58% on a $308,195 entry. Equity gained on principal adds $1,989/yr, while 5% annual appreciation builds toward $85,149 over five years. Five-year ROI reaches 104.94% and total cumulative return in cash sums $107,213. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,948/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
4.79 Acres lot
$N/A/sqft
$450 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaclyn Smith • HomeTowne Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10103625
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.