240 Applehill WaySimpsonvilleSC29681
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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 240 Applehill Way, Simpsonville, SC, 29681 priced at $358,500 converts $2,652/mo rent into $518/mo cash flow after a $1,755/mo obligation. Total monthly income equals $2,652/mo, and annual cash flow totals $6,211/yr on $118,843 invested. Return on cash invested prints 25.14% in year one, and rental yield reads 8.88% against a $358,500 entry. Equity gained on principal adds $2,313/yr, while 5% annual appreciation compiles into $99,047 by year five. Five-year ROI reaches 130.56% and total cumulative return in cash sums $155,166. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,652/mo property income covering a $1,755/mo payment, not borrower’s personal income.
Single Family
Built in 2012
N/A 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: Aiden Somerville • Howard Hanna Allen Tate - Lake Keowee Seneca
Mls Name: WUMLS
Mls ID: #20293140