215 Lewes AveSimpsonvilleSC29681
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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 Simpsonville at 215 Lewes Ave, Simpsonville, SC, 29681 offers $2,046/mo rent that, after a $1,377/mo payment, leaves $371/mo cash flow. Total monthly income is $2,046/mo, and annual cash flow is $4,456/yr on $93,238 cash. Return on cash invested measures 24.69% in year one, and rental yield stands at 8.73% at a $281,260 entry. Equity gained on principal adds $1,815/yr while 5% annual appreciation compounds into $77,707 by year five. Five-year ROI records 128.2% and total cumulative return in cash reaches $119,528. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,046/mo property income versus a $1,377/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
3,049 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: Parker Miller • DFH Realty Georgia, LLC
Mls Name: Greater Greenville AOR
Mls ID: #1571323