102 Spring Meadow RdSimpsonvilleSC29680
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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 Simpsonville at 102 Spring Meadow Rd, Simpsonville, SC, 29680 offers $2,351/mo rent that, after a $1,273/mo payment, leaves $803/mo cash flow. Total monthly income is $2,351/mo, and annual cash flow is $9,634/yr on $86,189 cash. Return on cash invested measures 31.09% in year one, and rental yield stands at 10.85% at a $259,997 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,832 by year five. Five-year ROI records 162.47% and total cumulative return in cash reaches $140,033. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,351/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.30 Acres 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: Tanesha Duckett • The Property Bar, LLC
Mls Name: Greater Greenville AOR
Mls ID: #1571208