1004 Pelham Square WayGreerSC29650
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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 Greer at 1004 Pelham Square Way, Greer, SC, 29650 priced at $185,000 converts $1,652/mo rent into $551/mo cash flow after a $905/mo obligation. Total monthly income equals $1,652/mo, and annual cash flow totals $6,615/yr on $61,328 invested. Return on cash invested prints 30.69% in year one, and rental yield reads 10.72% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 160.45% and total cumulative return in cash sums $98,403. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,652/mo property income covering a $905/mo payment, not borrower’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29650, Greer, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,193 (100%) |
| Owner Occupied HU | 11,448 (66.6%) |
| Renter Occupied HU | 4,627 (26.9%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $402,689 |
| Average Home Value | $451,242 |
Housing Distribution
Address Breakdown
Residential
16,867
Single Family
13,870
Multi-Family
2,997
Businesses
1,238
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Listed by: Amanda Justice • Expert Real Estate Team
Mls Name: Greater Greenville AOR
Mls ID: #1576198