1024 Powderhorn RdSimpsonvilleSC29681
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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 1024 Powderhorn Rd, Simpsonville, SC, 29681 generates $2,494/mo in rent and, after a $1,566/mo payment, leaves $589/mo in cash flow. Total monthly income is $2,494/mo, and annual cash flow is $7,072/yr on $106,080 invested. Return on cash invested sits at 26.58% in year one, and rental yield is 9.35% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 138.31% and total cumulative return in cash sums $146,715. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,494/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29681, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,732 (100%) |
| Owner Occupied HU | 21,349 (83.0%) |
| Renter Occupied HU | 3,417 (13.3%) |
| Vacant Housing Units | 966 ( 3.8%) |
| Median Home Value | $378,229 |
| Average Home Value | $419,357 |
Housing Distribution
Address Breakdown
Residential
25,817
Single Family
24,074
Multi-Family
1,743
Businesses
1,206
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Listed by: Katie Walsh • BHHS C Dan Joyner - Midtown
Mls Name: Greater Greenville AOR
Mls ID: #1573119