355 Merriman DrSelmaNC27576
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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 355 Merriman Dr, Selma, NC, 27576 generates $2,543/mo in rent and, after a $1,610/mo payment, leaves $511/mo in cash flow. Total monthly income is $2,543/mo, and annual cash flow is $6,129/yr on $109,064 invested. Return on cash invested sits at 25.53% in year one, and rental yield is 9.28% on a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 132.95% and total cumulative return in cash sums $145,005. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,543/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.40 Acres lot
$N/A/sqft
$25 monthly 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: Kala Dunn • New Home Inc LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #2480535
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.