12 Shorncliffe RdSimpsonvilleSC29680
Nearby investment properties with comparable rents
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 Simpsonville at 12 Shorncliffe Rd, Simpsonville, SC, 29680 priced at $335,000 converts $2,852/mo rent into $857/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,852/mo, and annual cash flow totals $10,290/yr on $111,053 invested. Return on cash invested prints 29.17% in year one, and rental yield reads 10.22% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 152.24% and total cumulative return in cash sums $169,064. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,852/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 2022
7,840 sqft 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: Anna Ryan • Keller Williams DRIVE
Mls Name: Greater Greenville AOR
Mls ID: #1570949