96 Homestead 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
Investment property for sale in Selma at 96 Homestead Dr, Selma, NC, 27576 uses $82,875 cash to close to unlock $1,824/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,676/mo, and a $1,224/mo payment keeps the spread at $152/mo. Purchase price stands at $250,000, and rental yield measures 8.04% with $1,676/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 114.5% and total cumulative return in cash records $94,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,676/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1994
1.40 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: Kendahl McIntyre • Kendahl McIntyre Real Estate
Mls Name: Doorify MLS
Mls ID: #10120266