1005 Maridian StSimpsonvilleSC29680
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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 Simpsonville at 1005 Maridian St, Simpsonville, SC, 29680 uses $132,567 cash to close to unlock $4,977/yr annual cash flow and $415/mo monthly cash flow. Total monthly income runs $2,795/mo, and a $1,957/mo payment keeps the spread at $415/mo. Purchase price stands at $399,900, and rental yield measures 8.39% with $2,795/mo rent. Return on cash invested shows 23.66% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 122.66% and total cumulative return in cash records $162,608. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,795/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29680, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,688 (100%) |
| Owner Occupied HU | 11,639 (74.2%) |
| Renter Occupied HU | 3,411 (21.7%) |
| Vacant Housing Units | 638 ( 4.1%) |
| Median Home Value | $337,572 |
| Average Home Value | $368,365 |
Housing Distribution
Address Breakdown
Residential
16,044
Single Family
13,628
Multi-Family
2,416
Businesses
606
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Listed by: Leslie Clark • SM South Carolina Brokerage, L
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1574504
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.