213 Kingscreek DrGreerSC29650
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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 213 Kingscreek Dr, Greer, SC, 29650 priced at $425,000 converts $2,914/mo rent into $384/mo cash flow after a $2,080/mo obligation. Total monthly income equals $2,914/mo, and annual cash flow totals $4,611/yr on $140,888 invested. Return on cash invested prints 23.18% in year one, and rental yield reads 8.23% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 120.11% and total cumulative return in cash sums $169,217. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,914/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2004
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29650, Greer, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,193 (100%) |
| Owner Occupied HU | 11,448 (66.6%) |
| Renter Occupied HU | 4,627 (26.9%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $402,689 |
| Average Home Value | $451,242 |
Housing Distribution
Address Breakdown
Residential
16,867
Single Family
13,870
Multi-Family
2,997
Businesses
1,238
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Listed by: Sebastian Kharp • BHHS C.Dan Joyner-Woodruff Rd
Mls Name: Greater Greenville AOR
Mls ID: #1559606