1205 Farming Creek DrSimpsonvilleSC29680
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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 1205 Farming Creek Dr, Simpsonville, SC, 29680 offers a 8.17% rental yield on a $524,800 purchase with $3,571/mo rent. Total monthly income registers $3,571/mo, and a $2,569/mo payment leaves $447/mo available for distribution. Annual cash flow reaches $5,359/yr on $172,659 to close, and return on cash invested stands at 23.16% in year one. Equity gained on principal adds $3,386/yr while 5% annual appreciation supports $144,993 over five years. Portfolio math shows five-year ROI at 119.96% and total cumulative return in cash at $207,114. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,571/mo property income against a $2,569/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.27 Acres 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: Victoria Cottle • Western Upstate Keller William
Mls Name: Greater Greenville AOR
Mls ID: #1569344