231 E Park AveGreenvilleSC29601
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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 Greenville at 231 E Park Ave, Greenville, SC, 29601 generates $2,050/mo in rent, after a $2,570/mo payment. Total monthly income is $2,050/mo. Return on cash invested sits at 12.59% in year one, and rental yield is 4.69% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 63.25% and total cumulative return in cash sums $109,245. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,050/mo property income rather than buyer’s personal income.
Townhouse
Built in 1983
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: Kelli Lawrence • Palmetto Home Real Estate
Mls Name: Greater Greenville AOR
Mls ID: #1577011