224 S Laurens St UNIT 205GreenvilleSC29601
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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
Total monthly income runs $1,859/mo, and a $3,421/mo payment. Purchase price stands at $699,000, and rental yield measures 3.19% with $1,859/mo rent. Return on cash invested shows 8.05% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 38.91% and total cumulative return in cash records $89,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,859/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29601, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,637 (100%) |
| Owner Occupied HU | 2,697 (28.0%) |
| Renter Occupied HU | 5,241 (54.4%) |
| Vacant Housing Units | 1,699 (17.6%) |
| Median Home Value | $595,087 |
| Average Home Value | $719,499 |
Housing Distribution
Address Breakdown
Residential
8,780
Single Family
4,683
Multi-Family
4,097
Businesses
1,624
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Listed by: Shay Felknor • BHHS C Dan Joyner - Midtown
Mls Name: Greater Greenville AOR
Mls ID: #1570318