23 Slow Creek DrSimpsonvilleSC29681
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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 23 Slow Creek Dr, Simpsonville, SC, 29681 offers $2,936/mo rent that, after a $2,203/mo payment, leaves $257/mo cash flow. Total monthly income is $2,936/mo, and annual cash flow is $3,081/yr on $149,175 cash. Return on cash invested measures 21.97% in year one, and rental yield stands at 7.83% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 113.6% and total cumulative return in cash reaches $169,470. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,936/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
6,969 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: Marquidris Harris • The Posey Group
Mls Name: Greater Greenville AOR
Mls ID: #1577042