1203 Maridian StSimpsonvilleSC29680
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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 1203 Maridian St, Simpsonville, SC, 29680 offers a 11.73% rental yield on a $358,075 purchase with $3,499/mo rent. Total monthly income registers $3,499/mo, and a $1,753/mo payment leaves $1,367/mo available for distribution. Annual cash flow reaches $16,404/yr on $118,702 to close, and return on cash invested stands at 33.73% in year one. Equity gained on principal adds $2,311/yr while 5% annual appreciation supports $98,930 over five years. Portfolio math shows five-year ROI at 176.67% and total cumulative return in cash at $209,705. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,499/mo property income against a $1,753/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A 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: N/A • Stanley Martin Homes
Mls Name: Stanley Martin Homes
Mls Provider:
Mls ID: #N/A