803 Hare StSelmaNC27576
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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 803 Hare St, Selma, NC, 27576 priced at $219,000 converts $1,580/mo rent into $245/mo cash flow after a $1,072/mo obligation. Total monthly income equals $1,580/mo, and annual cash flow totals $2,942/yr on $72,599 invested. Return on cash invested prints 23.96% in year one, and rental yield reads 8.66% against a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation compiles into $60,506 by year five. Five-year ROI reaches 124.51% and total cumulative return in cash sums $90,393. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,580/mo property income covering a $1,072/mo payment, not borrower’s personal income.
Single Family
Built in 1945
10,018 sqft 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: Ashley Hum • Highgarden Real Estate NC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10102673
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.