216 Louisville DrGreenvilleSC29607
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 216 Louisville Dr, Greenville, SC, 29607 in Greenville at $358,000 earns $2,208/mo in rent and nets $77/mo after the $1,697/mo payment, a 7.4% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $98,909 over five years. Ziffy Mortgage underwrites this on a 1.30 DSCR without U.S. credit history. With $3,001/yr in principal paydown, total projected return reaches $133,643.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 4.2% |
| Monthly Cash Flow | $77 | $385 |
City averages based on Greenville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,208 |
| Total Monthly Debt Service | $2,076 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2007
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Frank • Better Homes & Gardens Young &
Mls Name: SAR
Mls ID: #330639
