2 Bay Springs DrSimpsonvilleSC29681
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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 2 Bay Springs Dr, Simpsonville, SC, 29681 with 5% annual appreciation on a $254,900 basis while $1,932/mo rent supports operations. Total monthly income totals $1,932/mo and a $1,248/mo payment preserves $414/mo for cash returns. Annual cash flow comes to $4,971/yr on $84,499 deployed, and return on cash invested reaches 25.79% in year one. Equity gained on principal adds $1,645/yr, and five-year appreciation sums $70,424 alongside rental yield of 9.1%. Five-year ROI measures 134.13% and total cumulative return in cash totals $113,340.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,932/mo property income versus a $1,248/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2007
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29681, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,732 (100%) |
| Owner Occupied HU | 21,349 (83.0%) |
| Renter Occupied HU | 3,417 (13.3%) |
| Vacant Housing Units | 966 ( 3.8%) |
| Median Home Value | $378,229 |
| Average Home Value | $419,357 |
Housing Distribution
Address Breakdown
Residential
25,817
Single Family
24,074
Multi-Family
1,743
Businesses
1,206
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Listed by: Joshua Hoover-Dempsey • RE/MAX EXECUTIVE
Mls Name: Greater Greenville AOR
Mls ID: #1573848