218 Deer Spring LnSimpsonvilleSC29680
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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 218 Deer Spring Ln, Simpsonville, SC, 29680 priced at $570,000 pairs $3,485/mo rent with $92/mo cash flow after a $2,790/mo payment. Total monthly income equals $3,485/mo, and annual cash flow comes to $1,101/yr on $187,530 invested. Return on cash invested is 20.65% in year one, and rental yield stands at 7.34% on a $570,000 basis. Equity gained on principal adds $3,678/yr, and 5% annual appreciation accumulates to $157,480 by year five. Five-year ROI measures 106.45% and total cumulative return in cash reaches $199,633. For financing, Ziffy Mortgage’s DSCR program evaluates $3,485/mo property income against a $2,790/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29680, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,688 (100%) |
| Owner Occupied HU | 11,639 (74.2%) |
| Renter Occupied HU | 3,411 (21.7%) |
| Vacant Housing Units | 638 ( 4.1%) |
| Median Home Value | $337,572 |
| Average Home Value | $368,365 |
Housing Distribution
Address Breakdown
Residential
16,044
Single Family
13,628
Multi-Family
2,416
Businesses
606
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Listed by: Bobby Brooks • Weichert Realty-Shaun & Shari
Mls Name: Greater Greenville AOR
Mls ID: #1573155