116 Lewes AveSimpsonvilleSC29681
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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 116 Lewes Ave, Simpsonville, SC, 29681 with 5% annual appreciation on a $330,000 basis while $2,315/mo rent supports operations. Total monthly income totals $2,315/mo and a $1,615/mo payment preserves $351/mo for cash returns. Annual cash flow comes to $4,209/yr on $109,395 deployed, and return on cash invested reaches 23.76% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,173 alongside rental yield of 8.42%. Five-year ROI measures 123.17% and total cumulative return in cash totals $134,747.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,315/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in N/A
2,613 sqft 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: Joshua Taylor • XSell Upstate
Mls Name: Greater Greenville AOR
Mls ID: #1577328