409 W Dr Martin Luther King Jr WaySelmaNC27576
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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 409 W Dr Martin Luther King Jr Way, Selma, NC, 27576 offers a 9.63% rental yield on a $140,000 purchase with $1,124/mo rent. Total monthly income registers $1,124/mo, and a $685/mo payment leaves $271/mo available for distribution. Annual cash flow reaches $3,252/yr on $46,410 to close, and return on cash invested stands at 26.92% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 140.27% and total cumulative return in cash at $65,098. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,124/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.48 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: Jeannette Quin Evans • RE/MAX Elite Realty Group
Mls Name: Doorify MLS
Mls ID: #10140137