116 W Spindletree WayGreerSC29650
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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 Greer at 116 W Spindletree Way, Greer, SC, 29650 offers $3,186/mo rent that, after a $2,619/mo payment, leaves $1/mo cash flow. Total monthly income is $3,186/mo, and annual cash flow is $10/yr on $176,015 cash. Return on cash invested measures 20.07% in year one, and rental yield stands at 7.15% at a $535,000 entry. Equity gained on principal adds $3,452/yr while 5% annual appreciation compounds into $147,811 by year five. Five-year ROI records 103.34% and total cumulative return in cash reaches $181,888. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,186/mo property income versus a $2,619/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29650, Greer, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,193 (100%) |
| Owner Occupied HU | 11,448 (66.6%) |
| Renter Occupied HU | 4,627 (26.9%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $402,689 |
| Average Home Value | $451,242 |
Housing Distribution
Address Breakdown
Residential
16,867
Single Family
13,870
Multi-Family
2,997
Businesses
1,238
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Listed by: KIRSTEN ZINKANN • KELLER WILLIAMS GREENVILLE CENTRAL
Mls Name: SAR
Mls ID: #327726