1608 S McElhaney RdGreerSC29651
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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 1608 S McElhaney Rd, Greer, SC, 29651 generates $1,969/mo in rent and, after a $1,074/mo payment, leaves $663/mo in cash flow. Total monthly income is $1,969/mo, and annual cash flow is $7,952/yr on $72,764 invested. Return on cash invested sits at 30.84% in year one, and rental yield is 10.76% on a $219,500 entry. Equity gained on principal adds $1,416/yr, while 5% annual appreciation builds toward $60,644 over five years. Five-year ROI reaches 161.14% and total cumulative return in cash sums $117,250. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,969/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29651, Greer, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,589 (100%) |
| Owner Occupied HU | 17,483 (74.1%) |
| Renter Occupied HU | 4,872 (20.7%) |
| Vacant Housing Units | 1,234 ( 5.2%) |
| Median Home Value | $327,690 |
| Average Home Value | $366,187 |
Housing Distribution
Address Breakdown
Residential
23,193
Single Family
22,545
Multi-Family
648
Businesses
992
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Listed by: CARRIE ANN KIRBY • HOMETOWN REAL ESTATE
Mls Name: SAR
Mls ID: #328381