150 Spring Lake DrGreenwoodSC29649
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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 Greenwood at 150 Spring Lake Dr, Greenwood, SC, 29649 priced at $192,000 converts $1,683/mo rent into $540/mo cash flow after a $940/mo obligation. Total monthly income equals $1,683/mo, and annual cash flow totals $6,478/yr on $63,648 invested. Return on cash invested prints 30.09% in year one, and rental yield reads 10.52% against a $192,000 entry. Equity gained on principal adds $1,239/yr, while 5% annual appreciation compiles into $53,046 by year five. Five-year ROI reaches 157.11% and total cumulative return in cash sums $100,000. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,683/mo property income covering a $940/mo payment, not borrower’s personal income.
Manufactured
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29649, Greenwood, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,573 (100%) |
| Owner Occupied HU | 8,071 (64.2%) |
| Renter Occupied HU | 3,448 (27.4%) |
| Vacant Housing Units | 1,054 ( 8.4%) |
| Median Home Value | $239,091 |
| Average Home Value | $287,801 |
Housing Distribution
Address Breakdown
Residential
12,380
Single Family
11,329
Multi-Family
1,051
Businesses
1,128
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Listed by: Sarah Hagen • North Group Real Estate
Mls Name: MLS Of Greenwood Sc Inc.
Mls ID: #132140
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.