114A Simpson StIvaSC29655
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Nearby investment properties with comparable prices
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 Iva at 114A Simpson St, Iva, SC, 29655 offers $1,260/mo rent that, after a $663/mo payment, leaves $454/mo cash flow. Total monthly income is $1,260/mo, and annual cash flow is $5,443/yr on $44,918 cash. Return on cash invested measures 32.03% in year one, and rental yield stands at 11.16% at a $135,500 entry. Equity gained on principal adds $874/yr while 5% annual appreciation compounds into $37,436 by year five. Five-year ROI records 167.56% and total cumulative return in cash reaches $75,266. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,260/mo property income versus a $663/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29655, Iva, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,672 (69.8%) |
| Renter Occupied HU | 545 (14.2%) |
| Vacant Housing Units | 611 (16.0%) |
| Median Home Value | $245,907 |
| Average Home Value | $344,771 |
Housing Distribution
Address Breakdown
Residential
3,111
Single Family
3,091
Multi-Family
20
Businesses
116
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Listed by: Corey Poole • Navigate Realty
Mls Name: Greater Greenville AOR
Mls ID: #1576006