204 Ridgepark LnGreenvilleSC29607
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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 Greenville at 204 Ridgepark Ln, Greenville, SC, 29607 priced at $395,000 pairs $2,880/mo rent with $529/mo cash flow after a $1,933/mo payment. Total monthly income equals $2,880/mo, and annual cash flow comes to $6,348/yr on $130,943 invested. Return on cash invested is 24.76% in year one, and rental yield stands at 8.75% on a $395,000 basis. Equity gained on principal adds $2,549/yr, and 5% annual appreciation accumulates to $109,131 by year five. Five-year ROI measures 128.52% and total cumulative return in cash reaches $168,282. For financing, Ziffy Mortgage’s DSCR program evaluates $2,880/mo property income against a $1,933/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29607, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,875 (100%) |
| Owner Occupied HU | 10,843 (41.9%) |
| Renter Occupied HU | 12,647 (48.9%) |
| Vacant Housing Units | 2,385 ( 9.2%) |
| Median Home Value | $374,302 |
| Average Home Value | $461,847 |
Housing Distribution
Address Breakdown
Residential
24,585
Single Family
16,145
Multi-Family
8,440
Businesses
3,184
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Listed by: Wendy Cohen • EXP Realty, LLC
Mls Name: WUMLS
Mls ID: #20295755